Energy Price Cap Predictions and the Path to Renewable Solutions
Analysts predict a slight drop in the UK's energy price cap and discuss the long-term move toward renewable energy for stability.
In this episode of UK Business Morning, Alice and Lewis discuss the latest news on the UK's energy price cap, with insights from Cornwall Insights predicting a small decrease in October. However, the focus shifts to the bigger picture as Craig Lowrey highlights the ongoing challenges faced by households due to the high energy costs compared to pre-pandemic levels. The conversation explores the vulnerability of relying on international energy markets, the impact of global events on prices, and the need to accelerate the transition to homegrown renewable energy for long-term stability and affordability. Join Alice and Lewis as they delve into the trade-offs between short-term costs and long-term benefits in the journey toward a sustainable energy future.
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