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Think-Tank Urges Single-Buyer Power Model, £185 Savings

6/11/2026

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Summary

Story summary

Common Wealth think-tank urges UK government to adopt a single-buyer electricity model for England, Scotland and Wales.
The model would price electricity from the generation mix, not gas costs, to stop windfall profits and could save households up to £185 a year.
Chancellor Rachel Reeves plans to raise the windfall tax on electricity generators from 45 % to 55 % and direct the revenue to households, though critics say it is insufficient.

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Story summary

Common Wealth think-tank urges UK government to adopt a single-buyer electricity model for England, Scotland and Wales.
The model would price electricity from the generation mix, not gas costs, to stop windfall profits and could save households up to £185 a year.
Chancellor Rachel Reeves plans to raise the windfall tax on electricity generators from 45 % to 55 % and direct the revenue to households, though critics say it is insufficient.