Quote:
Originally Posted by Wyzz Kydd
Now renewable energy is so expensive officials say they will routinely expect consumers to cut usage during peak hours. In fact, they're paying them too no use electricity. One of my colleagues who lives in London told me his two bedroom two bathroom flat runs about 800 pounds a month, so about $1,000 a month. My three story 3,400 square foot home runs about $250 a month. More than twice the size, a quarter the cost.
https://www.telegraph.co.uk/business...tax-inflation/ |
The cost of
generating renewable energy has not changed, its still cheaper than generating via fossil fuels.
What has increased is the wholesale cost of all energy to the end user.
As you no doubt know the rate for nuclear, solar, wind etc. is set at the price of natural gas regardless of cost of production.
As you are also undoubtedly aware there is a bit of a tear up going on in Ukraine which has pushed gas prices sky high, in better news they are actually already starting to fall.
Every European country is suffering as a result, not just the UK and not just those using renewable energy, since the beginning of 2021 we have seen an increase in cost of 404%
If you really want to make a comparison look at what we were paying pre 2021 but I can tell you it was roughly 25% of what it is now ......... back to the point current increases in price to end user have nothing to do with how the power is generated.
No doubt your friend will also have told you the UK government is subsidising so he actually wont pay more than £2500 a year, like every other household he will receive a further £400 (£1200 if hes on low income) and if hes on Universal Credit the house and energy might be provided for free.