• I’m not sure I’d go as far as saying electricity prices are pegged to gas prices, but yes gas is still the major fuel source used to generate elec in the UK, so an increase in the cost of inputs (gas) will lead to higher prices.

    That percentage has been falling for some time though as renewable sources come on stream, but energy is a global market (like oil) and not just UK/EU focussed.

  • That’s saying the same thing (that we use gas to generate elec and therefore need to change our approach).

    Interesting to see, and all for a move away from fossil to renewable from both a climate and energy security POV, seems to make sense. Think OVO/Scottish Power said something similar this week re moving away from reliance of imported fuels: https://www.bbc.co.uk/news/business-62742303

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