We’ve built cheap energy but we’re still pricing it like it’s expensive.
The UK uses a marginal pricing system, where the last (most expensive) generator sets the price. That’s usually gas.
So even when most of our electricity comes from cheap wind and solar, households still pay gas prices.
That’s why bills haven’t fallen.
Getting off gas pricing is about fixing the system by reforming the electricity market so gas no longer sets the price, building storage so we don’t rely on gas for backup, reconnecting with European energy systems to smooth supply, reducing gas demand through insulation and heat pumps, and continuing to expand renewables so gas is needed less and less.
Until we do that, cheap energy will keep being priced like expensive gas.