Chancellor Rachel Reeves announced that she and Energy Secretary Ed Miliband are actively seeking ways to decouple electricity prices from gas costs in the UK. Currently, gas prices heavily influence electricity pricing due to the marginal cost pricing model. Reeves emphasized that high gas prices lead to increased electricity costs, despite stable production expenses. She highlighted the importance of this change as electricity becomes a larger part of the UK's energy mix. The Department for Energy Security and Net Zero noted that the rise of renewable energy sources has already cut the time gas sets wholesale electricity prices by about a third since the early 2020s. Energy UK’s chief executive, Dhara Vyas, stated that this decoupling will be a gradual process as more renewables are integrated into the energy system. Additionally, Reeves discussed the government's encouragement of investment in North Sea oil and gas tiebacks, which utilize existing infrastructure to access more resources quickly. Greenpeace has proposed that moving gas plants into a regulated asset base could help stabilize electricity prices, arguing that it is illogical for gas prices to dictate electricity costs.