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> Energy is expensive and unreliable. Why? Well, its either because we aren't doing enough net zero, or because we have an _enormous_ supply-side restriction en
by benrutter 2y ago
> Energy is expensive and unreliable. Why? Well, its either because we aren't doing enough net zero, or because we have an _enormous_ supply-side restriction enforced by the state. Not all of which is due to environmentalism, to be clear.
I work in the energy sector and there's a huge amount of misinformation/confusion around why energy is expensive (I'm gonna ignore unreliable because that's a whole other can of worms). The energy price is almost entirely set by natural gas, the UK doesn't yet have the ability to turn away natural gas as a source, meaning it basically has to pay whatever's asked.
Even if you don't care about the environment (although I think you should!) and just want cheap energy, more renewable energy and flexibility in the market is exactly what you're looking for. You can actually see this on charts super clearly. Take a look on https://grid.iamkate.com/ https://grid.iamkate.com/ specically at the energy mixup and the wholesale energy cost. You'll see that the amount of gas being used is an inverted graph of the cost (i.e. when we're using gas as a nation, that's driving up the price, when we don't have to, energy is a lot cheaper, and sometimes negatively priced)
- mhh__ 2y agoOf course it does, if the wind doesn't blow what else can we burn?
- benrutter 2y agoYou don't have to burn anything. You can store energy and release it later with batteries and hydraulic pumps (maybe not enough to take ypu all the way just yet, but a lot further than where we currently are). Although, if you do want to burn something, you can burn biofuel (basically wood). The UK's only company that does this, Drax, are really not great ecologically, but just focusing on cost, diversifying from gas to a mix with more biofuel would have huge benefits.