Wholesale prices

doweneedmoney

Does anyone know why if my energy supplier is green, especially my electricity which is 100% green, is so affected by wholesale energy prices. If electricity is from wind why have these costs gone up? 

Thank you 

Mstty

Because green is pretty much a sham, your electricity will still created by gas to a certain percentage.

Live data

https://grid.iamkate.com/

gj373

It all goes in to the same grid. There is no way to make sure you get "green" electricity and your neighbor doesn't. Also, it's all sold at the wholesale cost no matter how it was generated

MWT

doweneedmoney said:

Does anyone know why if my energy supplier is green, especially my electricity which is 100% green, is so affected by wholesale energy prices. If electricity is from wind why have these costs gone up? 

Thank you 

... and if your energy supplier really is truly green then they are exempt from the limits of the Ofgem cap and will be charging you even more than the cap because it is actually more expensive to offer a real green supply.

Even in that case the actual energy you use will come from all sources, but the supplier will have contracts with renewable suppliers for the entirety of their supply needs.

QrizB

doweneedmoney said:

Does anyone know why if my energy supplier is green, especially my electricity which is 100% green, is so affected by wholesale energy prices. If electricity is from wind why have these costs gone up?

Here is an article from The Conversation that explains it:

https://theconversation.com/renewables-are-cheaper-than-ever-so-why-are-household-energy-bills-only-going-up-174795