Comment Re:So... (Score 1) 65
Despite the snark, I’ll treat this as though it’s good faith and describe the actions needed to lower energy prices for consumers in the UK:
1. Reform or buy out a chunk of the 35 GW RO fleet
2. Rebalance levies and system charges so cheap wholesale prices can actually flow through
3. Make time-of-use pricing the default, not an opt-in
4. Accelerate flexible storage and demand response by creating some carefully targeted contracts for availability
5. Re-tune the CfD regime so consumers capture falling build costs faster
6. Make retail suppliers actually pass through wholesale savings
7. Reform gas marginal price setting for electricity by creating (1) a clean power pool for CfD + subsidised-renewable generation, or (2)
split-market pricing (infra-marginal renewables in one market, marginal thermal in another) or (3) better locational signals + storage incentives so gas sets the price for fewer hours
It’s a complex market and the devil is in the details, all while populists are shouting loudly. It’s not easy and the government is not very sure-footed to put it politely. But the issues are not about the inherent characteristics of the power plants, they’re about price signals and investments.