Stopping gas dictating UK energy price could cut bills by £200, thinktank says

Iran war has increased gas price, with effects on UK energy bills that could be avoided, Common Wealth says

Household energy bills could be reduced by up to £203 a year by stopping expensive fossil gas setting the price of energy in the UK, according to a report.

Under the existing system, gas – the most expensive form of electricity production in the UK system – set the price of energy 85% of the time in 2024 in the UK, even though it generates only about a quarter of Britain’s electricity.