US EditionLetter: Government Must Slash Electricity Prices to Boost Green Tech
UNITED KINGDOM, JUL 10 – The UK Government rejected zonal electricity pricing to avoid higher costs for steelmakers and support industrial competitiveness during the clean energy transition, UK Steel said.
- On Thursday, Energy Secretary Ed Miliband announced that the UK Government will not introduce zonal pricing and will keep a single national wholesale electricity price.
- This decision follows opposition from UK Steel and business groups who warned zonal pricing would create a postcode lottery and raise industrial power costs.
- Ed Miliband stated building clean power rapidly at scale is essential to protect families, businesses, and end dependence on fossil fuel market volatility.
- Energy firm SSE called the move “much-needed policy clarity,” enabling investment in clean energy infrastructure supporting UK Government ambitions for 2030.
- The decision aims to safeguard investment and industrial competitiveness while critics warn bills remain high and question the feasibility of promised £300 bill cuts.
Insights by Ground AI
Does this summary seem wrong?
10 Articles
10 Articles
Plans to split UK market into energy pricing zones dropped
The Government has decided to retain a single national wholesale price. The Government will not split the country into different energy pricing zones but instead reform the existing national pricing system. The Energy Secretary had been considering proposals for zonal pricing that would see different areas of the country pay different rates for their electricity, based on local supply and demand. But the Government has now decided to retain a si…
UK Drops Controversial Proposal to Split Power Market into Zones
The UK government decided against splitting the power market into several price zones, for now ending a debate that’s rumbled on for years and caused a rift between producers and the nation’s largest residential supplier.
·United States
Read Full Article
Coverage Details
Total News Sources10
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
To view factuality data please Upgrade to Premium
