> Years of neglect, anti-hydrocarbon policies, and an almost religious belief in the “makeability” of the economy have led to high energy prices and dwindling i

> Years of neglect, anti-hydrocarbon policies, and an almost religious belief in the “makeability” of the economy have led to high energy prices and dwindling investments. Pure nonsense. Electricity prices in Europe are overwhelmingly set by fossil fuel generation prices, most importantly fossil gas prices. See for example [0]: > Gas-fueled power plants were at the margin for 39% of the time in 2021 across European electricity markets. Electricity prices in Europe have never been so often set by gas prices during the last decade as they are now. As most natural gas is imported to Europe, this increasing reliance on natural gas makes European electricity prices subject to geopolitical risks, international natural gas price volatility, and currency exchange rate fluctuations. While increased generation from renewables and natural gas have replaced coal and reduced European carbon emissions, mean electricity prices and volatility have increased during 2015–2021 due to the rising cost of gas. [0]: https://www.ucl.ac.uk/bartlett/sites/bartlett/files/the_role_of_natural_gas_in_electricity_prices_in_europe_updated_may_2023.pdf https://www.ucl.ac.uk/bartlett/sites/bartlett/files/the_role...