Our reliance on finite energy sources will end and it must end on our terms.
The transition to net zero by 2030 presents an opportunity to greatly reduce household bills. But how might this look and what is the forecast?

The 2022 energy crisis highlighted the need to restructure the UK energy market.
The review for electricity market arrangements (REMA) was created the following year by the previous government to redesign the UK energy market in line with the changing blend of energy sources powering the grid.

Renewable energy has broken over a halfway share (51%) of electricity generation and at times fully powered the grid. However, the marginal cost of gas (the final units needed to supply energy demand) continues to set energy prices, keeping bills locked into a fully gas-driven energy market and vulnerable uncontrollable factors. This outdated model nullifies the renewable energy’s impact on household bills.

Despite the Conservative’s abandoning its pledges and turning against renewable energy, Labour seems conscious to incorporate REMA into its energy policy considerations.

The £300 annual reduction in household bills touted by labour has not been heard for some time. Meanwhile ThinkTank E3G calculate a £200 reduction, suggesting that the original figure was over-estimated and/or that market restructuring is further away than previously thought.

There has been no named commitment to end marginal pricing altogether.
The Future Homes Standard being published this Autumn – from which was announced that all new homes are to have solar installations – may shed light on plans to restructure household energy prices.

Should they be gas prices will play a far smaller role in setting price. With enough stored power capacity energy prices can be decoupled from demand times as well.
Furthermore, electric vehicle (EV) adoption merges energy prices with transport prices. Home charging a used EV can save £690 per year. A new EV saves £1,170. Cheaper energy will inflate savings.

It is important households see a real reduction in bills. Failure to deliver change after so much investment could leave labour electorally limp, ceding power to parties who seek to derail renewable energy growth; it could mean net zero for 2030 only.