Sustainable energy cost increases

MilkfloatEV

Can anyone please explain given why Electricity is increasing at the same rate as gas, with nuclear power, solar farms and wind farms how is it that the price of electricity is also up 80% 

It’s no longer beneficial to own an EV given the cost to charge and then range.

I assume they both go hand in hand but is this not a fundamental issue that could be an easy solution to decreasing house hold costs.

since January 22 it’s gone from 15p p/kw to 51p p/kw

recent jump 26p to 51p

Aylesbury_Duck

It's because gas is used to generate electricity at periods of higher demand, so the electricity is priced accordingly.  We can't get away without gas-generated electricity, so we have to pay for it.  The alternative would be to limit consumption by some other means (rolling blackouts, etc) when non-gas-generated electricity is insufficient to meet the grid's demand.

Astria

Because we use gas to product electricity? The other methods only produce a fraction of what we require and must be traded in the same market.

If someone offers you 5p/kWh for your solar farm output and someone else 15p/kWh because demand is high and they need it, which are you going to choose?

Section62

Aylesbury_Duck said:

It's because gas is used to generate electricity at periods of higher demand, so the electricity is priced accordingly.  We can't get away without gas-generated electricity, so we have to pay for it.  The alternative would be to limit consumption by some other means (rolling blackouts, etc) when non-gas-generated electricity is insufficient to meet the grid's demand.

And when the renewables aren't producing enough.

As of this moment, gas (CCGT/OCGT) is producing 47.75% of our supply*.

Wind 1.47%. (not a typo)

http://www.gridwatch.templar.co.uk/

(*not including any gas-generation arriving via the interconnectors)