The government has decided against implementing zonal pricing for energy, which would have resulted in varying rates across the UK, particularly disadvantaging those in the south-east. Instead, a single national pricing system will be established to enhance fairness, affordability, security, and efficiency. Energy Secretary Ed Miliband emphasized the importance of building a clean electricity system and reforming pricing to protect consumers while promoting investment in renewable energy. The energy regulator welcomed this decision, stating it provides certainty and stability in the energy market.
Building clean power at pace and scale is the only way to get Britain off the rollercoaster of fossil fuel markets and protect families and businesses for good.
As we embark on this new era of clean electricity, a reformed system of national pricing is the best way to deliver an electricity system that is fairer, more affordable, and more secure.
Ofgem added they will work with the government to build a decarbonised system which will bring stability and protect consumers from international volatility and the rollercoaster effect that has on bills.
Over the past few decades, electricity bills in the UK have gone from the 2nd lowest in the EU to 19% above the current EU average.
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