High gas and electricity prices likely to be the new normal, analyst says

https://www.bbc.co.uk/news/articles/cly2xdyexkdo

by Kagedeah

14 comments

  1. Damn Biden he increased the price of gas forever! Trump will try but it’s Biden’s fault! /s

  2. Again, solar resolves the fluxuation pricing we will see from fossil fuel.

  3. Anal.

    Is my takeaway.

    Makes zero sense. Solar panels are going for less then 10 cent per Wp here in Europe and in thhe (tariff) free World.

    We are moving in to an aera of extremely low electricity prices.

  4. This seems pretty specific to Britain and the EU due to ongoing issues from the termination of Russia imports. The cost of producing electricity is declining worldwide, but demand is growing faster than supply.

  5. The wholesale electricity market often sets prices based on the marginal cost of the last unit of electricity produced, which is often from gas. Even if solar is cheaper to produce, the overall market price can still be driven by more expensive energy sources like gas. It’s a concept known as “marginal pricing.
    If we fix this stupid rule, we’ll all be able to enjoy the savings from using renewables.

  6. The trend in California has been to increase the fixed costs as grid maintenance and grid upgrades seem to be driving rate increases. Most of the rates have been unbundled into Distribution and Generation. The fixed costs are on the Distribution portion. The Generation portion has been deregulated and we may see some decline in those rates in the California market as the mix moves to less expensive sources. This may be a different result than the article suggests

  8. Meanwhile we have free energy technology lol, eat a dick energy companies

  9. We need oil prices to increase and stay expensive, not just in the UK but globally.

  10. High energy prices are precisely what Trump’s major donors are paying him for.

  12. For the US: gas prices are continuing to come down again regardless of the administration, however they will still only trend up in the long run as US shale is only getting more expensive to extract and makes up like 75% of US oil extraction.
    Additionally, US refineries don’t refine shale oil, for the most part. The US exports shale oil overseas to refine, while we import conventional crude oil to refine locally

  13. Wait!? Trump said we was going to bring down the costs! What a bunch of suckers.

  14. Can’t believe some of the comments. Energy companies making record profits and brits are paying more than their European neighbours. M…… but switch to solar oh fuck off. We are getting ripped off by the multi nationals. These so called “experts” come out of nowhere working for the energy companies lol.

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