Britain is preparing to raise windfall taxes on electricity generators unless they agree to long-term fixed-price contracts, in what amounts to one of the government’s most aggressive efforts yet to shield consumers from gas-driven power price spikes. The logic is politically seductive: if gas prices surge and legacy generators benefit from the market structure, the...
The United Kingdom has been rapidly increasing its deployment of new renewable energy capacity in recent years, to the point that it now has some to spare during peak production hours. While the U.K. gradually increases its battery storage, the government is encouraging consumers to use more electricity during certain times of the day to...
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