I wanna know who said it was possible to begin with... also I don't remember signing myself up for this yet here I am triple paying for energy as we stagnate ourselves into ww3... wtf is going on!
The price of electricity in the UK is because of the price of LNG due to the war in Ukraine. Without North Sea wind power reducing the demand for LNG electricity would be even more expensive.
Typical price of Solar and Wind power is about £0.05-0.07 a KWh, storage is similar means means a stored KWh costs about £0.15 if it bought from renewables. LNG tends to be more like £0.60-1.00 a KWh, we have seen £1.5 a KWh a few times this year which is a lot cheaper than prior years but still really quite expensive wholesale prices. The base price when renewables are doing a reasonable job comes out to about £0.08 a KWh currently. The UK doesn't have enough renewable energy and storage yet.
Its always worth playing with iamkate and looking at what the current power mix is and what it has averaged over the last year and how prices correlate with green energy.
> The UK doesn't have enough renewable energy and storage yet.
As with everything else, the marginal cost of additional renewable energy and storage will rise. At some point, all the low-hanging fruit is picked; there are only so many locations suitable for wind farms and pumped hydro. It's fallacious to think that the £0.15/kWh price will hold as it gets scaled up to meet more of the demand.
The idea of 'net zero is making energy expensive' is a common but inaccurate catch-cry (I could even go as far as saying 'conspiracy theory' but maybe that's uncharitable), but it is a very convenient one for the oil & gas industry...