Energy costs for consumers could be lowered by £1.1bn a year if the UK pursued greater co-operation with Europe on electricity trading and carbon pricing, according to an industry body. Energy UK, which represents power generators and traders, said UK households were paying the price for “inefficient trading” arrangements since 2021, with electricity no longer exchanged through the EU market coupling regime. Although a new trading arrangement had been expected by April 2022, the deadline had passed without progress and … read more »
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