The price of renewables has risen because they're tied to the price of gas. It is fairly simple to change that and now there is an overwhelming reason to I am sure they will. It's an easy, quick win for the incoming govt.Biffer wrote: Thu Aug 25, 2022 5:42 pmWell, fundamentally if you have a market where the exit of one supplier or consumer distorts the market, it’s by definition not a true free market and should be regulated. We do some of that but the mechanism in place to regulate it is not sufficient to protect the consumers from debilitating price swings. So further action is required to prevent disastrous impacts of the market failure.I like neeps wrote: Thu Aug 25, 2022 3:47 pmI'm kind of fine with the energy privatisation - yes companies are destroying the planet and yes they've created untold wealth for states actively hostile to the west and democracy but "the market" hasn't failed. We've just cut off a major supplier to try and stop a war. The market would surely suggest we don't do that?ia801310 wrote: Thu Aug 25, 2022 3:29 pm
Even as a Tory I think that the time has come to renationalise the water and the energy companies. The market has failed.
Water is obviously a disaster.
Also the structure of electricity pricing being related to gas generation, and the fact there are open trans national markets has impacted all of us. Scotlands generation comes substantially from renewables and nuclear, so why have prices risen as much there when the cost of generation has changed very little? Similarly in France 90% of electricity is generated from non fossil fuel sources so being connected to a trans national market has damaged them.
Energy isn't a free market because of the cartel. But we'd be doing deals with them anyway. The UK will always need fossil fuels. Or Uranium, and again look at countries with uranium deposits.