UK Business

Why electricity costs so much in the UK (it’s not all about the weather)

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

Power station in north Wales.edhphotography/Shutterstock

The UK government is reportedly considering abandoning its goal of removing fossil fuels from the country’s electricity supply by 2030 in an attempt to keep energy bills down.

This is understandable given that the UK is already one of the most expensive places in Europe to use...

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