• 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

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

    Yeah, I wasn't arguing we don't use gas to generate electricity. Just that the price we pay for electricity is artificially set at the level of whatever source of electricity costs the most. So currently, that's imported gas, which accounts for 20% of the gas we use to generate electricity. Because it's now really expensive, the unit price for electricity across the board is really expensive. The price is set at a rate that allows plants that use imported gas to generate electricity to make a profit. Meaning those that use domestically produced gas (80% of the electricity generating mix) or wind/solar to produce electricity are getting paid way more for their electricity than they would if prices weren't pegged at the rate for the highest-priced source.

About

Avatar for ketsbaia @ketsbaia started