[KaiserPro]

Yes, this is true.

However the UK has been running its power generation asset into the sand, we are increasingly reliant on things like https://ukpowerreserve.com/

So I expect that with the relentless push to smart metres (which is an optional EU directive, irony or ironies) we will see peak costs rise to battle the loss in cheap spare capacity.

[benj111]

That's a battery storage company? You seem to be suggesting its a bad thing??

[KaiserPro]

the battery bits they have are less than 10% of their portfolio. In fact I would go so far as to say that their battery offering is mostly hot air, as they boast about its capacity in MW, not MW-hours

if you look at their asset page:

https://ukpowerreserve.com/assets/

its basically small polluting gas an diesel gennies.