Could this FINALLY be the point where the call to reform the electricity wholesale market achieves the momentum required for change?
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Could this FINALLY be the point where the call to reform the electricity wholesale market achieves the momentum required for change? It’s not rocket science; people have been calling for change for years.
Stopping gas dictating UK energy price could cut bills by £200, thinktank says - The Guardian https://apple.news/AKIS7EOsXSKShb1STPsmgMg
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Could this FINALLY be the point where the call to reform the electricity wholesale market achieves the momentum required for change? It’s not rocket science; people have been calling for change for years.
Stopping gas dictating UK energy price could cut bills by £200, thinktank says - The Guardian https://apple.news/AKIS7EOsXSKShb1STPsmgMg
@christineburns
It is the kind of minimal change by rule tweaking that new New Labour seem to like ... -
@anantagd @christineburns @Andii
It can only be done I think by nationalising the gas power stations. If the price of electricity is below the cost of production the private sector owners of the power stations won't turn them on. The government could guarantee their profitability, but that's pretty absurd.
In fact the whole idea of private sector energy industry - in an age when using less energy is the way to go - is absurd, because the private sector is ONLY incentivised to sell more. Can you imagine a big business board room discussion around 'how are we going to reduce demand for what we're selling?' or a CEO saying to the marketing manager 'What's your strategy for selling less and less this year?'
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@anantagd @christineburns @Andii
It can only be done I think by nationalising the gas power stations. If the price of electricity is below the cost of production the private sector owners of the power stations won't turn them on. The government could guarantee their profitability, but that's pretty absurd.
In fact the whole idea of private sector energy industry - in an age when using less energy is the way to go - is absurd, because the private sector is ONLY incentivised to sell more. Can you imagine a big business board room discussion around 'how are we going to reduce demand for what we're selling?' or a CEO saying to the marketing manager 'What's your strategy for selling less and less this year?'
@GeofCox @anantagd I agree with you there. The future isn’t unfortunately one where we can do without gas fired generation. It’s a future where we retain it as the strategic backup to fill in on those few occasions each year when there is insufficient renewable capacity. As you say, the conditions for traditional privatised generation break down in that scenario. The future for gas generation has to be public ownership of a strategic reserve.
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