As the Guardian reported last night:
Ministers are considering dropping one of their central green pledges in an effort to keep energy bills down, sources have told the Guardian.
Government insiders say Keir Starmer is prepared to miss his own target of removing almost all fossil fuels from the UK’s electricity supply...
Energy prices are set to keep gas-fired power stations profitable because we need those power stations to keep the lights on. Sometimes. As we build out more renewables, the need for gas diminishes, but we still need it.
I agree with the proposition that we ought to be pushing for more renewables, but cutting the electricity prices so that gas-fired power stations close, whilst simultaneously eliminating the incentive to build more solar & wind… just doesn’t seem very smart.
Nationalise the gas powered station. At the value, they have minus gov support. IE without the artificial price hikes.
The run/staff them at a loss just as an emergency option.