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noir_lordtoday at 2:07 PM2 repliesview on HN

Part of the reason why we have high electricity costs (here in the UK) is that we peg the price to gas generation, on the face of it people complain about that but the higher price allows investments in renewables to make sense on an RoI PoV, effectively it's a subsidy to build out renewables at a higher rate than would otherwise be the case.

Electricity prices are high in the UK but there is a net benefit to it at least some ways, as always the devil is in the details, all the details.


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mono442today at 3:33 PM

Isn't that just an excuse to justify the scam? Texas has very low electricity prices and at the same time a growing share of renewables.

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