Scrap and replace the Marginal Pricing Model for UK Energy

Background

Scrap and replace the Marginal Pricing Model for a fairer pricing structure with lower consumer and business energy bills. The UK is free to set its market rules post-Brexit. We think this change would cut bills, stabilise the economy, protect households, and secure the UK’s long-term energy future.

Additional details

Wholesale price of electricity is set by the most expensive unit of generation needed to meet demand, almost always gas-fired power. When 60–70% of the grid is supplied by cheaper renewables and nuclear, households/businesses still pay prices tied to volatile global gas markets. We think the Economic/Social Benefits of Reform could be: Lower Consumer Bills Boost to Disposable Income Energy Security & Inflation Control Green Jobs boosted Tackles Fuel Poverty Public Health Accelerates Net Zero Lower Carbon Footprint

Where it’s popular

Constituencies with the most signatures on this petition.