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Over the last year the UK has generated more electricity from renewable resources than it has from fossil fuels — https://grid.iamkate.com/ https://grid.iamkate
by youngtaff 2y ago
Over the last year the UK has generated more electricity from renewable resources than it has from fossil fuels — https://grid.iamkate.com/ https://grid.iamkate.com/
The energy from the wind farms built over the last few years are priced of a Contracts for Difference basis i.e. if energy price is under a set price we pay the operator, if it’s over the operator pays us
The largest impact on electricity prices has been the war in Ukraine, and as electricity prices are set by the highest cost generator then domestic prices have risen (and fallen) in line with oil / gas prices
What’s clear though is the renewables are cheaper than oil and gas for electricity generation and are largely stable enough to meet demand (we also have the option of importing from France or Scandinavia for non-fossil fuel produced electricity)
- roenxi 2y agoI'm assuming you're talking about the UK all the way through that post. In this post you've identified that the UK had given marginal pricing power of already costly energy to Ukraine (a highly corrupt country 3 borders away, poor and as it turns out in a geopolitical hotspot). The UK has not only no ability to keep the region stable. In fact it's foreign policy has been assisting the US in escalating the conflict by pouring in weapons and military aid in to the region. That suggests indefensibly stupid energy policy. It is hard to fail worse than that without week-long blackouts. This is something that India and China have managed not to suffer from and they're managing energy for a population of >2 billion people. China is also doing better than the UK on a per capita basis just to really rub salt in to the wounded pride, using a mix of technologies that the UK couldn't hope to match.