Cost-of-Living Crisis
Boris Johnson Hints at UK Energy Market Reform Amid Inflation Surge
- Prices tied to ‘top marginal gas price’ is ‘ludicrous’: UK PM
- Millions of British households are facing ‘fuel poverty’
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UK Prime Minister Boris Johnson suggested the nation’s energy markets could be overhauled in a bid to ease surging prices that have left many British households facing so-called fuel poverty.
Much of the UK’s electricity is powered by natural gas, and the price that consumers pay is tied to the so-called marginal gas price, Johnson said in a radio interview with BBC 4. Changing that system could ease prices, he said.