UK Energy Strategy Faces Cost Reality Check as Suppliers Warn of Rising Bills
Leading energy executives have presented stark calculations to Parliament showing electricity prices could rise 20% despite government promises to cut bills. Industry analysis suggests the 2030 clean power deadline may need reassessment as non-commodity costs add approximately £300 annually to household energy expenses.
Energy Suppliers Deliver Stark Warning on Bill Reductions
Britain’s clean energy transition faces mounting cost pressures that could undermine the government’s pledge to reduce household bills by £300, according to reports from leading energy executives. Senior figures from major suppliers including Octopus Energy, E.On UK, and EDF’s UK energy business have presented detailed analysis to a Commons select committee indicating electricity prices could rise by 20% even if wholesale prices halve.