4 ms·

Are you maybe comparing cost of gas as fuel with total cost? We will have a short period of low gas prices because there is oversupply of LNG projects coming on

• cbeach 9mo ago
  Would you choose a 5.5% tracker mortgage, or a mortgage fixed at 9.1% for 20 years?
  • youngtaff 9mo ago
    That's not the choice here though as the tracker mortgage (gas) is more expensive the the fixed on (Wind)
    • cbeach 9mo ago
      but it's not, though, is it? The government is turning a £55 gas price into £147 by adding an arbitrary carbon tax, and therefore making it look artificially more expensive than wind. If we wanted to make an honest analysis here, we would say "gas is significantly less than expensive than the strike price agreed for wind, but some believe the externalities of gas generation could be signficant"
      • youngtaff 9mo ago
        The CPS charge is £18 per tonne of CO2, and all emitters pay for the CO2 they emit The CPS charge isn't going away so it's not making gas look artificially more expensive than wind
        • cbeach 9mo ago
          When you're trying to sell wind power to the public as a "cheaper" source of energy than fossil fuels, you've got to be honest with them if you want to win both hearts and minds. Gas is cheaper, like-for-like. We impose special taxes on gas, making it artificially more expensive, in order to manipulate the market into reducing use of fossil fuel. There. That's all that needs to be said. If you're honest with people they're more likely to trust you, and join you in your endeavours. The high cost of gas is entirely politically-driven, as Reform UK will prove when they take office in 2029.