The UK energy secretary is flirting with a bad idea for bills – the ‘rising block tariff’

The UK energy secretary is considering a new tariff system called the 'rising block tariff', which would charge households more for the amount of energy they use above a certain threshold. This idea is being met with skepticism, as it could be complex and difficult for consumers to understand. The proposed system may not be an effective solution to affordability issues, as it could lead to confusion and higher bills for many people.

Why it matters

The proposed rising block tariff is complex and may not effectively address affordability concerns. It could lead to higher bills for some consumers, which would negatively impact their finances.

Market impact

Transmission channels

Likely winners & losers

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