The Alarming Future of Electricity Rates in the UK
The alarming rise in electricity rates in the UK is no secret. In just 12 months between September 2020 and 2021, the wholesale price of electricity rose from £43.50 to £107.50 per MWh, a devastating rise for families and businesses throughout the country. Even during Covid-19, electricity rates weren’t anywhere near this figure, and it doesn’t bode well for the future. But what is it that is driving this increase in rates? And what does the future look like for...