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Faced with the second energy crisis in five years, the government has announced a further package of policy interventions to accelerate the net zero transition and the clean power plan, while providing greater resilience for consumers from future energy shocks.
Notably there are two measures that are intended to 'de-link' the cost of low-carbon power generation from the volatility of the gas market and help to ensure that the value of lower-cost renewables is passed through to bill payers, rather than being captured as excess profits by generators and traders. Johnny Gowdy explores further in our accompanying paper.
