'Skewed': How poor electricity market design cost Britain £7bn

Cecilia Keating
clock • 7 min read
The UK and Italy consistently paid the highest spot prices during the recent period of high gas price volatility, according to Carbon Tracker | Credit: iStock
Image:

The UK and Italy consistently paid the highest spot prices during the recent period of high gas price volatility, according to Carbon Tracker | Credit: iStock

Carbon Tracker makes the case for sweeping reforms to the energy market to better protect electricity prices from gas market volatility and drive down the cost of the net zero transition

As the government's review of how to reform to the power market rumbles on, fresh analysis from Carbon Tracker has today highlighted how current approach to electricity pricing is costing UK energy consumers...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Octopus Energy trials 'Zero Bills' upgrades for existing homes

Octopus Energy trials 'Zero Bills' upgrades for existing homes

Octopus reveals plans to extend 'Zero Bills' offer to existing homes following clean tech upgrades

clock 27 February 2025 • 3 min read
'Great Britain is too reliant on gas': Ofgem confirms energy price cap to rise 6.4 per cent

'Great Britain is too reliant on gas': Ofgem confirms energy price cap to rise 6.4 per cent

Average home to see energy bills climb once again to £1,849 a year, as government promises more support for fuel poor households

James Murray
clock 25 February 2025 • 5 min read
Reports: BP to drop renewables target as part of fossil fuel 'reset'

Reports: BP to drop renewables target as part of fossil fuel 'reset'

Oil and gas giant poised to scrap plans to increase renewable energy generation 20-fold this decade, Reuters reports

Stuart Stone
clock 25 February 2025 • 6 min read