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This is Telegraph for you. The cost of electricity is not driven by green levies or net zero targets, but by gas prices, as gas is a backstop when all other so
by sega_sai 7mo ago
This is Telegraph for you.
The cost of electricity is not driven by green levies or net zero targets, but by gas prices, as gas is a backstop when all other sources are exhausted. Therefore electricity prices are pretty much tied to gas.
- ph4rsikal 7mo agoObviously, Electricity is a National Security issue. It's naive to state that the problem is gas prices. Germany is seeing Steel, Automotive, and other hard science companies leave for that very reason. The strategy should have been to build an energy architecture that reduces prices while being robust against force majeure events.
- 0xy 7mo agoRenewables inherently require gas peakers.