Octopus Energy chief hints at how you could get cheaper energy bills | UK | News
Actopotic Energy CEO took measures to reduce energy bills in most of the UK. Regional energy pricing is a system to reflect what the cost of generating the power there, where electricity prices vary according to the area.
Greg Jackson believes that introducing pricing tools will receive £ 3.7 billion a year from the country’s energy bills by £ 55 billion by 2050. “Today there is a mail code lottery.” People in Mersexia, Mersexia, Scotland and the north help pay more electricity than people in London. 4 billion £ 4 billion per year, potentially rises to £ 7 billion per year.
“He does this, because in today’s electricity market, every half hour, people who operate the electricity market, send each electric generator to send their offers, how much they will receive for electricity, and everyone is the most expensive unit that is paid and all of them get into our bills.
“Worse, some generators will be where the grid blockage is located, and then they pay for our invoices.
“Then we usually pay another generator to fill the gap of the same people.
“To give an idea about how expensive this is, our country paid £ 46 million in just two days last week, just two days.
“So far we have spent £ 550 million to do this year – so we have the most expensive bills in Europe.”
On the company’s website, the company claims that “regional pricing will have a different wholesale price in every field”.
They argue that doing this will lead to cheaper energy bills all over the country and that areas with abundant renewable generations such as Scotland will enjoy the cheapest electricity in Europe.
Critics argued that some areas of the country may see that invoices have increased because they benefit from the current price determination system.
SSE General Manager Martin Pibworth believes that regional energy pricing can harm the UK energy sector in various ways.
He said: “At best, when it needs to focus on laser on delivery, it can create something distracting, and the worst of all the government can actively prevent the clean power task and the benefits that will flow to communities in the UK.
“The long-term regional debate has already damaged British reputation on policy certainty, perhaps the situation in his favor was based on an old view of the electrical system-ignoring the high-profile program of grilled infrastructure projects built in a large British, a large British.”
