Emeritus Prof Christopher MayMay 22

As Fred Harter points out:

The UK’s electricity prices are the highest in the developed world. This doesn’t just pinch the pockets of consumers. It also makes British steel & other goods far more expensive than those produced in other countries'.

The answer is to continue to expand renewables, sorting out the UK's interconnection problems & getting (re)integrated into EU's energy trading system.

But also the UK's 'marginal pricing' model is dysfunctional!

#energy
https://observer.co.uk/news/the-sensemaker/article/why-uk-energy-costs-too-much

Why UK energy costs too much | The Observer

Prices depend on the global gas market, but EU energy trading and more renewables can help

The Observer
Show threadLazarou Monkey Terror 🚀💙🌈

@ChrisMayLA6 (I really hate the rebranded Observer, it looks like a substack blog)

Just another way we get ripped off on this island.

May 22 at 1:59pmWeb
Show threadEmeritus Prof Christopher MayMay 22

@Lazarou

I agree; so far the direction of travel for the (new) Observer has definitely been downwards.... I'll give it a few more weeks, but I'm already wondering what I could replace it with on Sunday (as a paper being delivered)....