Market Reforms Can Cut Bills By $120, Says UK Renewable Energy Firm

May 27, 2025

Octopus Energy Group CEO Greg Jackson says market reforms in the UK can bring bills down by about $120 per household per year. The Labour government is pushing to make the UK the first G-7 market to fully decarbonize its power system by 2030, Jackson told Bloomberg TV that this will reduce dependence on gas and ultimately cut emissions by 18%. (Source: Bloomberg)