Rolling coverage of the latest economic and financial newsStarmer urged to help households as energy bills rise by £149 a yearUK shop prices fall at fastest rate since 2021 despite rising fresh food inflationToday’s energy price cap rise comes as the company responsible for keeping Great Britain’s lights on has returned to public ownership for the first time in over thirty years as it prepares to make the electricity system 95% carbon-free by 2030.Ownership of the electricity system operator has transferred from National Grid to the government to form a new National Energy System Operator (Neso) from today.“That means that by 2030 95% of the generation in Great Britain over the period of a year will be from clean power sources. And that means that the remaining 5% will come from unabated gas.”.“A social tariff would allow us to address the cost of energy for the poorest in our communities in a way that means, collectively, we could give them the protection they need to get through the winter months.” Continue reading...