Household Electricity Bills Could Fall if Time-Varying Prices Promoted – Report

Britons could face short-term electricity price shock thanks to Labour's decarbonisation drive

Labour’s drive to decarbonise the power grid by 2030 risks pushing up the price of electricity in the short term, a think tank has warned. This, in turn, could slow down the decarbonisation of other sectors, which rely on electricity to go green, the Institute for Fiscal Studies said.Under its Clean Power 2030 plan, the Government aims to have 95 per cent of electricity produced by clean sources by the end of the decade.But a new report from the…

Household electricity bills could fall if time-varying prices promoted – report

The costs of producing electricity vary ‘a lot’ over time and place, but most consumers do not face prices that reflect this, a study says.

Energy bills could fall if households use electricity at the cheaper times

The study highlights alternative ways to align customer charges with generation costs, including shifting standard domestic tariffs onto a time-varying footing by default