December saw the release of the long-awaited, several times delayed Energy White Paper (EWP). In this ‘Chart of the week’, we consider the changes the EWP has in mind for the retail market and its governance.
The average household’s dual fuel energy bill in 2019 was similar to 2010. However, as the government highlights, the underlying costs have changed. Over the past decade, electricity prices have gone up, because of rises in policy and network costs, while gas prices have fluctuated, reflecting movements in the wholesale gas price.