Britain today generating 90%+ of electricity from renewables
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Britain today generating 90%+ of electricity from renewables
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Re: Britain today generating 90%+ of electricity from renewables
#211am, nicely sunny-ish and quite windy here... and so 65% wind, 25% solar.
Re: Britain today generating 90%+ of electricity from renewables
#3> Britain paying highest electricity prices in the world for second year running
> Ed Miliband’s net zero targets are facing fresh scrutiny after Britain was found to be paying the highest electricity prices in the developed world.
> New data published on Tuesday showed the price paid by UK industry for power was 63pc higher than in France and 27pc higher than in Germany.
> Britain is also the second-most expensive country in the world for household electricity, with billpayers paying twice as much as those in the US.
https://www.yahoo.com/news/articles/britain-paying-highest-e...
Re: Britain today generating 90%+ of electricity from renewables
#4> Britain paying highest electricity prices in the world for second year running > Ed Miliband’s net zero targets are facing fresh scrutiny after Britain was found to be paying the highest electricity prices in the developed world. > New data published on Tuesday showed the price paid by UK industry for power was 63pc higher than in France and 27pc higher than in Germany. > Britain is also the second-most expensive c…
Yes. But these things can be orthogonal. Or actually brcause gas is expensive.
https://www.bbc.com/news/articles/crkep1vx3mro
The price for wholesale electricity is set by a bidding process, with each generating company saying what it would be willing to accept to produce a unit of electricity.
Once built, the cost of generating power from renewables is very low, so these typically come in with the cheapest bid. Nuclear might come next.
Gas generators often have the highest costs, because they have to buy gas to burn, as well as paying a "carbon price" - a charge for emissions.
The wholesale cost is set by the last unit of electricity needed to meet demand from consumers. This means that even if gas only generates 1% of power at a given time, gas will still set the wholesale price.
Re: Britain today generating 90%+ of electricity from renewables
#5> Britain paying highest electricity prices in the world for second year running > Ed Miliband’s net zero targets are facing fresh scrutiny after Britain was found to be paying the highest electricity prices in the developed world. > New data published on Tuesday showed the price paid by UK industry for power was 63pc higher than in France and 27pc higher than in Germany. > Britain is also the second-most expensive c…
Yes. But these things can be orthogonal. Or actually brcause gas is expensive. https://www.bbc.com/news/articles/crkep1vx3mro The price for wholesale electricity is set by a bidding process, with each generating company saying what it would be willing to accept to produce a unit of electricity. Once built, the cost of generating power from renewables is very low, so these typically come in with the cheapest bid. Nucl…
California is a great example; highest electricity prices in the US (not counting Hawaii, which makes sense) despite significant hydro and fantastic solar capacity. In the last few years California runs 100% renewable on many days (and growing) every year.
Economics 101: prices are not set by what goods cost to create + markup. Prices are set by how much people are willing to pay.
Re: Britain today generating 90%+ of electricity from renewables
#6[dead]
Re: Britain today generating 90%+ of electricity from renewables
#7and still somehow pay tons for "cheap" green electricity
Re: Britain today generating 90%+ of electricity from renewables
#8> Britain paying highest electricity prices in the world for second year running > Ed Miliband’s net zero targets are facing fresh scrutiny after Britain was found to be paying the highest electricity prices in the developed world. > New data published on Tuesday showed the price paid by UK industry for power was 63pc higher than in France and 27pc higher than in Germany. > Britain is also the second-most expensive c…
Yes. But these things can be orthogonal. Or actually brcause gas is expensive. https://www.bbc.com/news/articles/crkep1vx3mro The price for wholesale electricity is set by a bidding process, with each generating company saying what it would be willing to accept to produce a unit of electricity. Once built, the cost of generating power from renewables is very low, so these typically come in with the cheapest bid. Nucl…
I've read this before and I don't understand how this doesn't become/is untenable.
Doesn't this mean that solar/wind are insanely lucrative?
Also, this would mean that in order to really bring the price down, gas needs to be taken out as a source. But gas is typically the source that balances the grid because its output can be changed quickly. So price wise, you might get a drop but you would lose your ability to react quickly to fluctuations in demand
Re: Britain today generating 90%+ of electricity from renewables
#9This is a 'lawyer-worded' headline.
I am an enormous fan of renewables, I am an electrical engineer who designs control systems for renewables exclusively. My career depends on renewables.
Headlines like this do nobody any favors. The problem with renewables is that you cannot run a grid on renewables alone. Many days will have an abundant oversupply, like the day shown. Many days will not. Consumers are not tolerant of brownouts in the west. We need pump storage hydro, we need massive improvements to the transmission system, and we need battery storage plants (in that order).
Its fine to celebrate days of high renewable GW output, but people get out the GW Bush 'mission accomplished' banners a little early. The generation is the cheap and easy part. The rest is expensive and slow and needs way more focus than it's getting if we ever want to make progress in the west (China is already figuring it out)
Re: Britain today generating 90%+ of electricity from renewables
#10> Britain paying highest electricity prices in the world for second year running > Ed Miliband’s net zero targets are facing fresh scrutiny after Britain was found to be paying the highest electricity prices in the developed world. > New data published on Tuesday showed the price paid by UK industry for power was 63pc higher than in France and 27pc higher than in Germany. > Britain is also the second-most expensive c…
Electricity pricing in the UK is dictated largely by the price of Gas. This is a good video that goes into it: https://www.youtube.com/watch?v=IEnFmrgEbWo