Why is UK Electricity So Expensive Compared to Other Countries?

About this episode

The episode discusses the high cost of electricity in the UK and the factors influencing energy bills.

The UK has some of the most expensive household electricity in the world. Why are energy bills so high, and will they ever come down? The price you pay is shaped by rules set by Ofgem, the UK’s energy regulator. Neil Kenward is their Interim Director General of Markets. Thank you to everyone who sent in a question! ❓Survey - how are you saving for your future? ⁠⁠⁠⁠⁠https://makingmoney.email/survey⁠⁠ 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney Xero accountancy software - get 90% off for 6 months: https://referrals.xero.com/makingmoney – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised…

People in this episode

Hosts: Damien Jordan, Timeyin Akerele

Guest: Neil Kenward

Topics covered

• electricity prices
• energy bills
• UK energy market
• Ofgem regulations
• financial advice

Keywords

• UK electricity
• energy costs
• Ofgem
• household bills
• financial advice

Sponsors

Vanta, Xero

Mentioned in this episode

Organizations: Ofgem

Places: UK

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