Why isn't renewable energy making our bills cheaper?

About this episode

The episode explores why rising energy bills persist despite increased renewable energy generation in the UK.

Average annual energy bills are set to go up by more than £200 a year from July, after energy regulator Ofgem announced a 13% rise in the energy price cap. It's largely down to the impact of the Iran War, but with the UK generating more electricity from renewable sources than ever before, why aren't we feeling the benefits in our bills? The answer is more complicated than you might think, and it all comes down to how energy prices are set in the UK... We explain what's going on, why renewables haven't made your bills cheaper, and if drilling in the North Sea might be the answer.

Topics covered

• renewable energy
• energy bills
• energy price cap
• UK energy market
• North Sea drilling

Keywords

• renewable energy
• energy bills
• Ofgem
• energy price cap
• North Sea drilling

Mentioned in this episode

Organizations: Ofgem

Places: UK, North Sea

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