The way electricity prices are set has pushed UK household bills up by £7.2bn over two years, analysis suggests. Under existing rules, energy suppliers pay the highest price for wholesale electricity no matter how it is made. Gas-fired generation is the most expensive and only makes up about 40% of all electricity made for UK homes. If an average price was used the UK’s bill could be much lower, the not-for-profit climate think tank Carbon Tracker Initiative said. The BBC … read more »
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