Because even though it’s “renewable” all energy produced in the U.K. ends up going into a central pool and this is what sets the market supply. At the moment gas is still the greatest contributor to energy produced, so the market price goes up when gas goes up.
Many renewable tariffs are based either on REGOs (a certificate to say you agreed to buy x amount of solar energy, and this has been produced) or increasingly PPA’s where a supplier has a dedicated feed from a wind farm/solar farm etc which is a more transparent way of showing that the suppliers energy comes from renewable sources.
So you'd need to be off-grid and DIY to see any real savings from renewable like solar, but we can still feel smug about killing the planet slightly less quickly than other people?
Pretty much… home/micro generation schemes are the only way for now to guarantee you’re 100% renewable. Maybe it’ll change as the fuel mix to generate electricity changes in the future
Largely yes but the more renewables get scaled up and other forms of backup rolled out to reduce the overall amount of gas in the mix, the less the price will be driven by wholesale gas prices
Because even though it’s “renewable” all energy produced in the U.K. ends up going into a central pool and this is what sets the market supply. At the moment gas is still the greatest contributor to energy produced, so the market price goes up when gas goes up.
Many renewable tariffs are based either on REGOs (a certificate to say you agreed to buy x amount of solar energy, and this has been produced) or increasingly PPA’s where a supplier has a dedicated feed from a wind farm/solar farm etc which is a more transparent way of showing that the suppliers energy comes from renewable sources.