MediaResponding to the government’s decision to reject zonal pricing, Sam Richards, CEO of pro-growth campaign group Britain Remade, said:
“The government had a clear opportunity to cut energy bills, unlock clean power, and fix a broken system, but they’ve given in to the fearmongering of the big energy companies and ducked it. By refusing to back local pricing, ministers are choosing to keep households paying more than they should.
“The current system, designed in the 1930s, does not make economic sense in the 21st century - it discourages investment, wastes money, and keeps bills artificially high. Local pricing would have delivered lower prices right across the country, not just in areas that are home to wind and solar by making the grid run more efficiently.
“This year one wind farm in Scotland has wasted more energy by being switched off than it has generated. The government’s short-sighted mistake will make this worse and leave Britain with higher bills for years to come.”