Energy bills to tick lower this winter but will remain high
HelloThere @ hellothere @sh.itjust.works Posts 1Comments 330Joined 2 yr. ago
HelloThere @ hellothere @sh.itjust.works
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Not if you fall, or get hit by a car...
This is not true, renewables are economically viable at much lower prices than fossil fuels because their next unit cost is effectively 0.
It is true the price paid to generate is the market rate, and that is set by the last generator. That does make renewables immensely profitable, which in turn acts as an incentive to build more.
But we are talking about electricity generation here, not heating which is what you were doing on about, and the vast majority of heating in the UK is non-electric and transitioning to renewable sources is extremely expensive.
That said, using less gas in electric generation would reduce supply shocks in the gas heating network.
Edit: next unit cost, not just unit cost.