Report: Removing gas plants from wholesale power market could slash UK energy bills

Michael Holder
clock • 4 min read
 Gas-fired power station in Marchwood, Hampshire, UK | Credit: iStock
Image:

Gas-fired power station in Marchwood, Hampshire, UK | Credit: iStock

Consultancy Stonehaven argues paying legacy gas-fired power plants through a regulated asset based model could shave billions of pounds off UK energy bills

Removing gas-fired power plants from the UK's wholesale electricity market could knock billions of pounds off energy bills for households and businesses, while providing a clearer path for phasing down...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Energy Independence Bill: Government promises sweeping reforms to 'fix Britain's broken energy system'

Energy Independence Bill: Government promises sweeping reforms to 'fix Britain's broken energy system'

Legislation aims to ban new oil and gas production licences, permanently block fracking and coal mining projects, and introduce community benefit rules for renewables developers

Michael Holder
clock 04 November 2026 • 8 min read
Miatta Fahnbulleh: 'Electrification is the way' to meet climate goals and cut bills

Miatta Fahnbulleh: 'Electrification is the way' to meet climate goals and cut bills

Energy Security and Net Zero Secretary signals electrification and lower bills are now top policy priorities, casting further doubt on Labour's manifesto pledge to deliver a clean power system by 2030

Michael Holder
clock 04 November 2026 • 7 min read
Brazil has delivered its promised 'roadmaps' for phasing out fossil fuels - can the world now follow them?

Brazil has delivered its promised 'roadmaps' for phasing out fossil fuels - can the world now follow them?

The COP30 Presidency has today published new roadmaps for navigating the transition away from fossil fuels and reversing forest loss, arguing deep decarbonisation is 'within reach'

Michael Holder
clock 03 November 2026 • 10 min read