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UK Energy Bills Could Drop £203 with New Gas Model

Published 2 weeks, 3 days ago
Description

New report suggests UK household energy bills could decrease by up to £203 annually if the government disconnects fossil gas prices from electricity costs. The Common Wealth thinktank proposes a single buyer model to shield consumers from volatile gas prices. Pressure mounts on the government to reform the energy market, with support from various groups. The model would provide fair fixed prices for low-carbon sources and shift gas plants to a strategic reserve, potentially saving billions and stabilizing prices.

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