'Skewed': How poor electricity market design cost Britain £7bn

Cecilia Keating
clock • 7 min read
The UK and Italy consistently paid the highest spot prices during the recent period of high gas price volatility, according to Carbon Tracker | Credit: iStock
Image:

The UK and Italy consistently paid the highest spot prices during the recent period of high gas price volatility, according to Carbon Tracker | Credit: iStock

Carbon Tracker makes the case for sweeping reforms to the energy market to better protect electricity prices from gas market volatility and drive down the cost of the net zero transition

As the government's review of how to reform to the power market rumbles on, fresh analysis from Carbon Tracker has today highlighted how current approach to electricity pricing is costing UK energy consumers...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Ofgem confirms Tim Jarvis as new chief executive

Ofgem confirms Tim Jarvis as new chief executive

Interim boss confirmed in role on permanent basis, as he faces 'pivotal moment' for a sector facing its second fossil fuel shock in five years

James Murray
clock 05 October 2026 • 3 min read
A new age of industrialisation needs a new approach to industrial energy

A new age of industrialisation needs a new approach to industrial energy

Partner Insight: As the UK looks to strengthen its industrial base, Madeline Lockyer, Markets Director at Carbon Shift, Equans UK & Ireland, explores why funding, flexibility and electrification need to be considered together.

Madeline Lockyer, Equans UK & Ireland
clock 05 October 2026 • 4 min read
Oil and gas giants report upstream methane emissions are down 61 per cent in last decade

Oil and gas giants report upstream methane emissions are down 61 per cent in last decade

Oil and Gas Climate Initiative members claim to have hit collective carbon and methane targets for 2025, despite production increases

Stuart Stone
clock 01 October 2026 • 5 min read