Government looking at decoupling electricity and gas prices to bring down bills: Report

Ed Miliband exploring measures to uncouple electricity prices from gas to slash energy bills

Ed Miliband is exploring how to uncouple electricity prices from gas, potentially bringing bills down by hundreds of pounds, MPs have heard.Speaking on Monday at a meeting of the Parliamentary Labour Party, the Energy Secretary said he believes the move is “complicated, but possible”. Because the UK uses a marginal pricing system, the cost of electricity is set by the final, and most expensive, unit of energy to meet demand at a given time. In 2…

Ed Miliband tells MPs how he hopes to cut household energy bills amid calls for more North Sea drilling

Supporters of market reform say the drive to cheaper renewables will not make bills cheaper while gas sets the wholesale price of energy.

Readers debate if Ed Miliband should approve new gas drilling in North sea

Readers can vote in our poll on whether the Energy Secretary should allow new oil and gas drilling in the North Sea.