This post offers some thoughts on why electricity prices in Great Britain are so high, with a few reflections about what should be done about it.

I signed up back in late 2018 with Octopus Energy’s Agile tariff, which reflects the half hourly wholesale prices. My reason for signing up for this experimental tariff was that I was interested in keeping a closer eye on electricity prices, and learning how prices can incentivise more sustainable consumption.

Since then, I’ve experienced a particularly volatile period, as shown in the chart below. The orange line shows the average system price (sometimes referred…

Guy Lipman

Fascinated by what makes societies and markets work, especially in sustainable energy.

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