Drop in power price predictions up to 2030 but prices to remain above pre-pandemic levels for next decade – Cornwall Insight
Drop in power price predictions up to 2030 but prices to remain above pre-pandemic levels for next decade – Cornwall Insight
8 comments
>figures remain significantly above pre-pandemic levels, with little indication that power prices will resemble so-called “normal” levels for some time. Higher power prices are likely to have an impact on end users, with businesses and households seeing comparatively **high bills for the next decade**… our predictions still show power prices soaring way above historic levels until the end of the **decade and potentially beyond**.
Nice
So in the face of ever more and ever cheaper renewables
We face increased prices
As the power companies face ever lower operating costs
Hhmmm
Power companies have failed us moving to renewable energy I know it’s not there yet but if they invested profits it would be.
This sort of news will only increase the wood burning boom we might as well go back to coal at this rate.
Welp, that’s me fucked then.
I had a letter yesterday to say EDF wanted to increase my monthly direct debit to £400.
And it’s not even warm in our house.
Why the hell are our prices so crazy compared to the west in general. We have plenty of energy resources (maybe not solar). Oil, gas, loads of wind, tidal.
I’ve said it before and I’ll say it again. Build a dam over the Severn estuary now! The birds will find more mudflats. Shit, make some if it’s so important !
In the UK there’s two factors:
1. Gas is never going to be as cheap as when we were pumping in cheap Russian gas, and I doubt we’re ever going back to that. Even if Putin packed up and went home tomorrow we wouldn’t reopen Nordstream.
2. The immediate effect of falling wholesale prices is to reduce the taxpayer subsidy, not reduce consumer prices. At the moment the most the public are paying for gas is about 11p per kWh and anything above that is covered by the tax payer, so until wholesale comes below 11p/kWh we won’t individually see any change.
We have demonstrated that we (as a whole) can pay the price that is set, so why would prices be lowered when we shower them with free money?
Can’t clear debt without inflation. Can’t have inflation without high energy prices. Want inflation? The first rule of inflation is don’t talk about inflation.