- Thu Sep 04, 2025 11:57 am
#95533
Interesting proposal here, if well above my pay grade.
https://www.theguardian.com/business/20 ... rom-market
We're certainly installing lots of renewables, but the price of electricity doesn't seem to be coming down any time soon. Is that because gas is still going to be setting the price or because renewable energy is more expensive than it looks when you factor in back up and the costs up upgrading the grid?
https://www.theguardian.com/business/20 ... rom-market
Energy users ‘could save £5bn a year’ if gas plants are removed from marketThe Government is approving tons of renewable energy, but it doesn't seem to stop gas setting the price. The UK system apparently isn't unusual in having a marginal pricing model, it's just unusual that gas sets the price as often as it does. France has nuclear setting the price far more often, and Germany even has coal doing it.
Former energy tsar suggests the ‘radical step’ as one of the few options the government has for cutting bills
We're certainly installing lots of renewables, but the price of electricity doesn't seem to be coming down any time soon. Is that because gas is still going to be setting the price or because renewable energy is more expensive than it looks when you factor in back up and the costs up upgrading the grid?