Big engineering


We've got to start seeing the benefit of realised green energy in our bills eventually... don't we?

It would require the worldwide energy pricing market to be torn up and re-negotiated. The cost we pay for energy isn't determined by the cost of the source of the energy we're using. It's determined by a marginal pricing market where the cost of all energy is pegged to the most expensive energy source. So, if the UK generated 90% of it's energy from, say, wind on a particular day the amount the consumer would pay would be equal to the cost of the same energy amount produced by the most expensive worldwide energy source at the time (which these days is almost always gas).

It's a bonkers system that's not well understood by consumers. No matter what the source of our energy, you will always pay the highest energy cost possible. The only way out is for a country to be entirely energy independent (chapeau France).

I think Starmer's idea to set up a nationalised energy company was attempting to mitigate the impacts of that market but I'm not sure how that's going.
 
Kevin Macleod Listed Britain.

channel 4 Wednesday @ 8pm. I think Jodrell Bank might get a look.

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