'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

Global Briefing: AI and electrification tipped to drive US power use to record levels in 2026 and 2027

Global Briefing: AI and electrification tipped to drive US power use to record levels in 2026 and 2027

Plus Amazon deforestation plunges to lowest level since 2013, Google inks 15-year solar PPA, and Malaysia's new 10-year energy efficiency plan, in our round up of the top green business news from around the world the week

Stuart Stone
clock 14 August 2026 • 9 min read
Report: Green hydrogen projects struggling to move beyond drawing board in UK and Europe

Report: Green hydrogen projects struggling to move beyond drawing board in UK and Europe

Stalling demand could put 2030 targets for green hydrogen production capacity ‘beyond reach’ in the UK and Europe, according to the Energy Industries Council

Michael Holder
clock 14 August 2026 • 4 min read
CIP fires up 'Europe's largest' battery storage facility in Scotland

CIP fires up 'Europe's largest' battery storage facility in Scotland

The 500MW Coalburn 1 battery storage facility is one of three being developed by Copenhagen Infrastructure Partners in Scotland

clock 13 August 2026 • 1 min read