UK moves to weaken link between electricity and gas prices

LONDON, April 21 (Reuters) - ​Britain ⁠set out ​plans to try to weaken the ​link ‌between its cost of ⁠electricity and volatile gas prices ⁠on Tuesday, ​saying it would seek to force older renewable energy generators ​onto ‌fixed contracts in a bid to bring down consumer bills.

The government said ​voluntary long-term fixed contracts would ‌be offered to existing low-carbon generators not ‌on fixed prices so they were not being paid the ​price of gas. It said this ‌would cover around a third of Britain's power supply.

It ⁠also ⁠said it would ‌increase the Electricity Generator Levy by raising ​the ​rate from ‌45% to 55%.