The Net Zero Agenda’s Continued Collapse Into Chaos

Enjoy the slightly lower energy prices while you can.

Last week, Ofgem announced that the Energy Price Cap would be lowered. From July, average bill payers will see “a decrease of 7% compared to the cap set between April 1st to June 30th, 2025”. The likes of Ed Miliband were quick to capture the good news by reaffirming the Government’s commitment to the 2050 Net Zero and 2030 Clean Power agendas. But a closer look at the detail of the price cut and other news shows just how fragile those agendas really are.

The news that there would be a price cut was not unexpected. Energy price caps are announced quarterly. As reported here, the Spring (April-June) price cap rise was announced in February – the third since the Labour Government was elected in July last year on the promise of “lower bills”. “Energy bills are set to rise again due to a spike in global gas markets,” claimed Ed Miliband ahead of Ofgem’s February rise. But there is no such thing as “global gas markets”. And that “spike” had already passed.