Let’s start with some good news. For the first time, we have seen 12 months where renewable energy has delivered as much of our electricity as fossil fuels. Sadly, a House of Lords report highlights the fact that, despite renewables being much cheaper, the consumer is not seeing the benefit in their bills. Gas is dictating the high price we pay for electricity and that needs to be changed. We can go much further with renewable energy, but again this is not happening.
The Electricity Networks Commissioner says we need a much more strategic approach to developing the grid to allow us to benefit from a progressive approach to renewables. The upshot is that we are too reliant on gas which is priced at volatile market rates dictated by international events. The OBR says this will cost ordinary people and the economy.
Source: Energy Industry News (energyindustrynews.net)
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