General · 1 hour ago
Electricity bills could fall with time-varying prices, report says
A new report indicates that household electricity bills might decrease if the government promoted flexible, time-varying tariffs. The Institute for Fiscal Studies and LSE found that electricity generation costs vary a lot by time and place, but most consumers don't see prices that reflect this. Flexible tariffs could give people stronger incentives to use electricity when it's cheaper to supply, like charging electric cars off-peak.
Reported by Independent · How we write briefs