Energy bills to rise because of delays to Labour’s plan to slash prices
Clean energy delays to hit household bills
- The National Energy System Operator (Neso) has warned that delays to critical clean energy projects could cost UK consumers approximately £4.2 billion in 2030.
- These delays primarily concern three vital grid projects in East Anglia and the southeast, which are essential for connecting offshore wind farms.
- Neso's assessment indicates that without these projects, the UK's clean power objective for 2030 will not be achieved, leading to significant constraint costs.
- The government may need to compensate offshore wind farm developers for switching off turbines due to grid limitations, with these costs potentially passed on to households.
- Separately, the government has announced it is dropping plans for energy pricing zones, opting to maintain a single national wholesale price for electricity.