> I'm not really sure though that energy prices can be controlled by govts.
They cannot set the price, but they can set the market mechanism which produces the prices. The auction mechanism used in UK and the order in which producers with higher CO2 output get switched off first means that electricity price is set by gas powered electricity producers. Govt can and is looking at updating that auction mechanism to decouple electricity prices from gas prices.
They cannot set the price, but they can set the market mechanism which produces the prices. The auction mechanism used in UK and the order in which producers with higher CO2 output get switched off first means that electricity price is set by gas powered electricity producers. Govt can and is looking at updating that auction mechanism to decouple electricity prices from gas prices.
https://assets.publishing.service.gov.uk/government/uploads/...