Britain could save £5bn a year on energy - Removing gas plants from the market will lower bills for households, businesses
The British government could save energy users up to £5 billion a year by reforming the electricity market. The reform would prevent wholesale power prices from being set by gas-fired power plants, a former energy official has said.
Britain relies on gas plants for around a quarter of its annual electricity, but they play an even bigger role during periods of low wind and solar generation.
The research report states that removing these plants from the market could lead to a reduction in energy bills for households by £1.7 billion per year by 2028. While energy costs for businesses and industry could fall by £3.3 billion per year. According to the document, gas-fired power plants should be kept as a strategic reserve and used only when needed, without constantly influencing the market price.
“Removing gas from the energy market is a radical step, but these are radical times. The government has very few options to reduce bills, and none of them have benefits as high as our proposal,” says one of the report’s authors and a former senior energy sector official.
The United Kingdom has one of the highest energy prices compared to other developed economies. Although it is increasingly sourcing energy from low-cost renewable sources, gas-fired generation continues to keep overall prices high.
This is because in the British market, the price is determined by the most expensive source of power generation available, usually gas-fired power plants.
In this system, the market price is determined by gas in 98% of cases, according to an academic study published in 2023. This is the highest percentage in Europe and well above the EU average, which is less than 40%.
Spain, tourist season knows no bounds - It welcomed 11 million visitors in July. High influx expected in September as well
Spain is once again breaking records in the tourism sector. The latest data from the National Institute of Statistics shows that the country received 11......
Trump warns of tariffs on chips - Measures will target companies that do not move production to the US
President Donald Trump said his administration will impose tariffs on semiconductor imports from companies that do not move production to the United......
"Europe on the brink of energy crisis" - Goldman Sachs: The risk comes from increased demand, lack of investment
Europe risks facing a new electricity crisis unless nearly 3 trillion euros are invested over the next decade. This is the main message from Goldman Sachs,......
Green Coast puts Albania on the map of investors even beyond borders
Albania is increasingly affirming itself on the international tourism and investment map, attracting the attention of global actors. In addition to its......
'In the Llogora tunnel, the fee is 250 lek with VAT per vehicle' - Balluku: Qukës – Qafa e Plloçës road, accessible from tomorrow
Today in Tirana, the "Tourist Albania 2030" event took place, a national platform for discussing and setting new milestones in the sustainable development of......
E-Albania reaches over 31 million transactions in August/ Personal and family documents, the most requested
In August 2025, the e-Albania government platform has set record figures in the use of electronic services, increasingly becoming the main link of......
"Tourism, quality will be the priority" - Rama: Ksamil and Dhërmiu, public beaches. No more music in beach bars
The tourism sector will be at new milestones for Albania Tourism 2030. Prime Minister Edi Rama said that the priority will not be the quantity, but the......
Criticisms about the draft of the new Criminal Code - Manja: Comments will be reflected. Rakipi: Here are the bases of construction and measures
The Minister of Justice, Ulsi Manja, has stated that all comments and analyses on the new Criminal Code have been noted and will be taken into account until......
