Neil Kenward
Interim Director General of Markets at Ofgem, the UK energy regulator, who explains how Ofgem sets the price cap, regulates networks and retail suppliers, and discusses energy market design and policy impacts on household bills.
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May 11, 2026 • 1h 35min
Why is UK Electricity So Expensive Compared to Other Countries?
Neil Kenward, Interim Director General of Markets at Ofgem, explains how Ofgem sets the price cap and regulates networks and suppliers. He unpacks why many suppliers failed in 2021–22 and how gas often sets electricity prices. He compares UK costs with other countries and explores market design, renewables, storage and whether bills might fall.
