Emeritus Prof Christopher MaySep 4, 2025

If energy produced by gas sets the price of all electricity supplied into the national grid, then one way to rescue the price payed by consumers is to end that market-making price structure.... of courses the gas-driven energy suppliers would be unhappy, but the bigger prize would be a major reduction in the cost of living & the continued consolidation of the UK's renewable energy sector....

the Q. is will Labour take that route?

#energy #politics

https://www.theguardian.com/business/2025/sep/04/electricity-users-save-5bn-a-year-gas-fired-stations-removed-from-market

Energy users ‘could save £5bn a year’ if gas plants are removed from market

Former energy tsar suggests the ‘radical step’ as one of the few options the government has for cutting bills

The Guardian
Show threadWalrus 🏴󠁧󠁢󠁷󠁬󠁳󠁿Sep 4, 2025

@ChrisMayLA6

Was it by any chance the Tories who decided that the cost of the most expensive form of generation needed to meet demand, which is often gas-fired power stations, would set the price for all electricity sold in the market?

If the creation of a fake market system wasn't theirs, who else is as stupid as them?

Show threadThe Penguin of EvilSep 4, 2025
@Walrus @ChrisMayLA6 it's standard for many markets. When it was all gas coal and nuclear and not intermittent it sort of made sense especially when capacity existed.
Labour have been moving to CFD for good reasons, but nobody can magic old contracts away
Show threadJayne 🇪🇺🏳️‍🌈

@etchedpixels @Walrus @ChrisMayLA6

Nobody can magic away old contracts…except Trump 🤦

Sep 4, 2025 at 10:24amWeb
Show threadWalrus 🏴󠁧󠁢󠁷󠁬󠁳󠁿Sep 4, 2025

@TCMuffin @etchedpixels @ChrisMayLA6

And Parliament, if they ever wake up, and remember their job.

Show threadThe Penguin of EvilSep 4, 2025
@Walrus @TCMuffin @ChrisMayLA6 no they signed up to all sorts of stupid investor agreements so financially they can't