Public procurement of electricity could save GB households £200 a year, says thinktank
A report by the thinktank Common Wealth suggests that the UK government could save households £200 annually by acting as a single buyer of electricity. The proposal aims to decouple electricity prices from volatile gas costs.
Why it matters
The research addresses the cost-of-living crisis and the structural flaws in the UK energy market that keep consumer prices high.
Experts have warned the government’s proposals may only lead to modest savings for consumers and a more radical approach is needed. Photograph: Annegret Hilse/Reuters View image in fullscreen Experts have warned the government’s proposals may only lead to modest savings for consumers and a more radical approach is needed. Photograph: Annegret Hilse/Reuters Energy Public procurement of electricity could save GB households £200 a year, says thinktank Government plan to de-link gas and electricity prices aims to reduce bills for consumers after global surge in prices
Balanced presentation of a policy proposal and the underlying economic rationale.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in