Britain today generating 90%+ of electricity from renewables

Post by [deleted] » Sat, Mar 28, 2026, 12:37 PM UTC

ghighi7878 wrote: post #4

nickslaughter02 wrote: post #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 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…

Post by toyg » Sat, Mar 28, 2026, 12:40 PM UTC

eliben wrote: post #5

ghighi7878 wrote: post #4

Earlier quoted context omitted.

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.

Post by zug_zug » Sat, Mar 28, 2026, 12:42 PM UTC

idiotsecant wrote: post #9

This 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…

Post by p12tic » Sat, Mar 28, 2026, 12:43 PM UTC

eliben wrote: post #5

ghighi7878 wrote: post #4

Earlier quoted context omitted.

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.

Post by cap11235 » Sat, Mar 28, 2026, 12:44 PM UTC

vovavili wrote: post #19

gentooflux wrote: post #11

Earlier quoted context omitted.

Why is it "people are willing to pay" and not "corporations are brazen enough to charge"? These utilities are necessities and relatively few people have access to cheaper alternatives to them.

Because, under usual circumstances, self-interested corporations compete against each other to get as close to what people are willing to pay for energy as possible.