Quote:
Originally Posted by nomadking
But then everybody else would bid higher and higher for that limited amount of cheaper electricity, and prices would rise anyway. Who would decide, who gets that cheaper electricity? Also Wind and Solar has to be backed up by gas.
At this very point in times, renewables(includes Biomass) may look fairly good at 30%, but that can drop quite markedly. Think of at night, in winter, with wind producing 3% or less, Biomass at 7%, where is the rest expected to come from?
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You’re completely ignoring the fact that the generating market is totally rigged right now. Ending the practice of artificially pricing all sources at the level of the most expensive does not then require an unregulated market to be put in its place. We have a regulator and we know what it actually costs to generate electricity from renewables or nuclear. There’s nothing to stop a cost plus fair profit system being imposed, for at least the duration of the emergency. It would require an Act of Parliament but it can be done.