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thebruce87mtoday at 12:43 PM3 repliesview on HN

Somehow? It’s a well established and publicised fact that it’s due to the price of gas. It’s so well established that anyone posting a comment here about the high price of electricity without mentioning it has an ulterior motive.


Replies

RobinLtoday at 1:19 PM

It's also widely misunderstood. Just because the spot price of electricity is set by the price of gas doesn’t mean the consumer pays that price for all of their electricity.

A lot of wind and solar are on Contracts for Difference. That means when market prices go above the agreed level, the generator pays the difference back through the scheme, which reduces supplier costs rather than the generator simply keeping the whole windfall.

This is particularly relevant when e.g. the price of gas goes way up due to the Iran war, it doesn't mean that the consumer ends up paying more for the energy from wind

AlexandrBtoday at 12:55 PM

So who's working on fixing it? It's not like "the price is fixed to the price of gas" is some iron law of nature. Meanwhile you have folks seeing these three things together:

- England is 90% renewables

- Renewables are a really cheap source of energy.

- England has very high energy prices.

And the obvious conclusion is that someone is lying. It's eroding support for renewables among those that don't have time to investigate how or why the spot price of gas sets the overall energy price.

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mono442today at 1:11 PM

It's not only the price of gas but also the price of the co2 emissions. I'm really surprised the uk didn't get rid of it when they left the eu. It's one of the most stupid things possible. It only makes everything more expensive.

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