Electricity: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, whether his Department plans to take further steps to reduce UK electricity prices compared with those in France and Germany.
Answered by Martin McCluskey
The Government is actively working to lower electricity prices by addressing the root causes of high costs. We are reversing years of underinvestment and implementing the largest upgrade to Great Britain’s electricity network in decades, reducing constraint costs and making greater use of affordable renewable energy. Through our Clean Power mission, we are accelerating renewable deployment to lessen the frequency with which gas determines electricity prices. Additionally, Reformed National Pricing will reshape investment decisions and improve system operations. Altogether, these initiatives aim to create a fair, affordable, secure and efficient electricity system, ultimately driving down bills for good.
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