Timeyin Akerele

I think I'm right in saying Germany have the highest household electricity prices.

But their business prices are a bit lower.

Whereas our business electricity prices are probably one of the highest.

Our household price is not quite the highest.

And as I say, the government's taken steps to bring them lower.

But we're not yet in the sort of

European average.

It is primarily gas dictating the price.

And then there's all the other costs I mentioned.

You know, we are, as we go through the net zero transition, there's a lot of investment needs to be made up front, both in generation capacity and in networks.

So that does add costs in the short to medium term.

But as I say, it also

brings down costs in the market and offers greater price stability.

So there is that sort of transition period.

As we build more renewables, we use less gas.

So the Committee for Climate Change said that actually, if you compare energy bills now for a household with energy bills for a household in, say, 2050, they're likely to be roughly the same.

So the period now and net zero

a net zero energy system, roughly the same cost.

The components change.

So you might not need your gas bill anymore because you've electrified your heat, for example, heat and cooking.