The Department for Energy Security and Net Zero should resurrect DECC’s Estimated Impacts of Energy and Climate Change Policies on Energy Prices and Bills and publish annual forecasts of the cost of policy decisions on retail electricity prices.
Future forecasts of electricity use by the National Energy Systems Operator (NESO) or DESNZ should be required to use these price forecasts when estimating future power use.
DESNZ (or NESO) should publish their estimate of short, medium, and long-run price elasticities of demand for electricity use.
1 Note: older predictions forecast demand, while more recent ones look at final consumption.