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>Lower annualised electrical prices will be good for the economy and the individual, and encouraging this should be a priority for any rational government which
by testing22321 2y ago
>Lower annualised electrical prices will be good for the economy and the individual, and encouraging this should be a priority for any rational government which thinks more than a few years ahead.
But it will be bad for profits for the private companies who generate power with gas who have been lobbying the government to the tune of billions of dollars to protect those very profits.
Saving money for the consumer is the polar opposite of what these companies , and therefore the government wants.
- lambdaone 2y agoThis is one of the things I was talking about when I said "simplifying". That's exactly their motivation, yes. Resisting it requires political will, or we will continue to let the increasingly irrelevant tail wag the dog. There is definitely a case for subsidising the existence of mostly-idle gas plants to make the costs of keeping them around profitable for the medium term (you can think of them roughly as playing the role of a battery), but indefinitely subsidising the equivalent of buggy-whip manufacturers is not a long-term solution for the economy.