Claims extracted
16
sentences that state something as happening or true
Uncertain
44%
7 of 16 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
64/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The costs of producing electricity vary “a lot” over time and place, but most consumers do not face prices that reflect these differences, said the Institute for Fiscal Studies (IFS) and LSE report, published as part of the IFS Green Budget and funded by the Nuffield Foundation.
asserted
report → produce → Foundation
The study said electricity in Scotland could often be “effectively free” because of frequent windy weather, to the point that there could be so much electricity that the grid operator must pay to have wind turbines turned off to avoid overloading the grid.
uncertain
turbines → say → grid
At other times, and particularly in the south of England, it must pay expensive gas generators to boost supply.
asserted
it → pay → supply
While the Government has ruled out regional electricity markets – or zonal pricing – the report suggests other options for promoting a closer link between the costs of electricity production and consumption, including making the default household electricity tariff time-varying.
It also suggests relatively higher subsidies for electric heat pumps in areas where the cost of producing electricity is low and higher subsidies for solar panels in areas where demand is more likely to be met by gas generators.
uncertain
demand → rule → generators
Reflecting differences in household bills could give stronger incentives for consumers to use electricity when it is cheaper to supply, for example, charging their electric vehicles or running their washing machines when it is cheapest to do so and bringing down bills, the report concluded.
uncertain
report → reflect → bills
More broadly, the Government could help ease the cost-of-living pressures caused by high electricity prices by taking action to improve the efficiency of the UK’s electricity system, it said.
uncertain
it → help → system
The cost of balancing demand and supply are projected to double in real terms by the end of the decade to £7 billion, according to figures in the report.
uncertain
cost → balance → report
It also concludes that a “more balanced” approach to net zero – which would involve relying less on the decarbonisation of electricity for the rest of this decade than is currently planned – would reduce the cost of achieving overall decarbonisation.
asserted
which → conclude → decarbonisation
Read More
Bobbie Upton, research economist at the IFS and a co-author of the report, said: “Encouraging greater take-up of time-varying electricity prices could lower electricity bills for consumers with minimal cost to the Government.
“
uncertain
Encouraging → read → Government
The extent of savings would depend on how enthusiastically consumers adopted time-varying contracts and then adjusted when they consumed electricity.
asserted
they → depend → electricity
“But evidence suggests savings are possible, with the potential savings increasing significantly as more households adopt electric vehicles and technology that automatically shifts consumption to times when prices are low.
uncertain
prices → suggest → times
“Looking ahead, high electricity prices look set to be with us for many years to come.
asserted
prices → look → years
Improving the efficiency of the electricity market would have a long-run pay-off.”
asserted
Improving → improve → off
Mark Franks, director of welfare at the Nuffield Foundation, said: “Electricity prices matter for all households, but they are particularly important for those on low incomes.
asserted
they → say → incomes
“Energy bills account for a much higher proportion of spending among poorer households, and uncertainty about possible future price rises creates anxiety within families already operating with very little financial headroom.
asserted
uncertainty → account → headroom
“Any credible options for reducing the costs faced by consumers, particularly the most vulnerable, should therefore be considered carefully by government.’
asserted
options → reduce → government
The Aporia
