Tag #Clean Energy Investments

What are the immediate financial implications of the proposed electricity market overhaul for British households?

England, Wales, and Scotland's plan to overhaul their electricity market by dividing it into different pricing zones could add £3 billion yearly to household energy bills until the 2040s, according to the government's clean power advisor. This is because renewable energy developers may demand higher subsidies to offset the risks associated with the new system, potentially increasing energy costs or delaying clean energy investments.