To: Ofgem, Parliament, Ed Miliband, Sir Keir Starmer.

Cut electricity prices by at least 20%.

Photo by Richard Bell on Unsplash
Decouple electricity prices from gas, reduce them by at least 20%

Why is this important?

  • The most recent report by the Resolution Foundation, has hit out at the alleged stagnation in living standards across the country, claiming that the UK is “'languishing' 15 per cent behind the likes of Germany, France and Canada in GDP per head.’ 
  • Food poverty is increasing: individual households are paying exorbitant rates for elecricity and gas.
  • Everyone has heard of the plight of the Food and Entertainment (particularly Pubs) - post Brexit and Covid. 
  • Music venues suffering from lack of support.
  • The UK chemical industry is facing a significant decline, marked by sharp output contractions (around 20% in recent years), driven mainly by uncompetitive, high energy/gas prices post-Ukraine war.


A common factor in all these cases is the high cost of energy. 


  • Prof Michael Grubb of the UCL Institute for Sustainable Resources said in a recent research paper that, although fossil fuels used to be cheaper than renewable energy sources, “that has turned on its head as gas prices shot up and the cost to produce renewables such as wind and solar power has plummeted”. He said: “If we actually paid the average price of what our electricity now costs to produce, our bills would be substantially cheaper.”
  • However, gas-fired power plants in effect set the market price for electricity – meaning costs are substantially higher than they could be. In simple terms: the price in the electricity market on any given day is dictated by the most expensive source of generation available, which in the UK would be its gas-fired power plants.”


Energy Giants have been making outrageous profits.


  • The corollary of this daylight robbery is that Energy giants made over £125 billion in profits from UK operations since the energy crisis started, with £40 billion in the last two years (as of late 2025). 
  • The energy regulator, Ofgem, states it regulates to ensure fair costs, but is clearly protecting producers and Network owners at the expense of consumers.
  • Energy and utility bosses are paying themselves outrageous salaries.

United Kingdom

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