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Shapps Says UK Working to Decouple Gas, Renewable Power Prices

Grant Shapps following the weekly cabinet meeting at 10 Downing Street in London, on Jan. 17.

Grant Shapps following the weekly cabinet meeting at 10 Downing Street in London, on Jan. 17.

Photographer: Dan Kitwood/Getty Images

The UK is “actively working on” de-coupling gas and renewable energy prices, Business Secretary Grant Shapps said.

The government opened a consultation last year to look at how it can stop volatile gas prices setting the price of power produced by cheaper renewables.