UK Considers Decoupling Power From Gas Prices In Biggest Reform In Decades ...Middle East

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UK Considers Decoupling Power From Gas Prices In Biggest Reform In Decades
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The UK government is considering ending the pricing system of British power prices, which are now linked with natural gas prices, in a bid to reduce energy bills for millions of households, The Times reported on Monday, quoting government sources. The market reform, which would be the major energy market overhaul in decades, will aim to cut the connection between gas prices and power prices, as the UK is expected to increase its offshore wind and nuclear power source in the electricity generation mix in the coming decades. The UK government is…

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