Miliband's 'break the link' plan is not a magic formula for lowering energy bills

The government's plan to de-link gas and electricity prices will have a modest effect - more promising are plans on EVs and heat pumpsWhy are UK electricity prices linked to gas - and what does it mean for bills?It's a holy grail of UK energy policy - de-linking gas and electricity prices. After all, we've been told endlessly that one reason why our energy bills are so high is because "gas sets the price of electricity". And here it comes: "decisive action" from the government to "break the link". So, tell us, by how much can we expect bills to fall?Energy secretary Ed Miliband and colleagues didn't offer even a tentative answer. The big announcement was a prediction-free zone on bills for two reasons. Continue reading...