Boris promised cheaper energy after Brexit
The consumer focus stems both from the politics of energy and the history of deregulation in Britain. U.K. energy regulator Ofgem was set up in the late 1990s to protect consumers from price-gouging by what was then the “Big Six” suppliers.
FACTBOX: UK electricity prices now most expensive in Europe
UK day-ahead base price assessment triples
Gas dependence exposed by low wind, coal closures
Gas driven higher by low stocks, Russian supply concerns
UK day-ahead power prices tripled to record levels Sept. 13 as tight generation margins combined with soaring power import, natural gas and carbon prices. The UK's accelerated coal phase-out along with reduced nuclear availability and low wind generation have exposed the market to rising gas prices. The following is a breakdown of the major issues being tracked by S&P Global Platts.
https://www.ft.com/content/7c31ca15-aa4f-4a32-bb90-ebc1341ed374
https://www.ft.com/content/7c31ca15-aa4f-4a32-bb90-ebc1341ed374
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