I have heard energy is generated from solar/wind/coal in the UK and this is where the most profit comes from but due to privatisation rules, companies cannot use this money to help consumer bills. Is this correct. I heard there is also a lot of energy piped in?
In: Economics
Uk energy comes from a mix of nuclear, renewable and fossil fuel energy generation. Some of which is imported (mainly from France I believe).
The energy companies are merely middlemen, taking the 4-7p a Kwh energy generated and “distributing” it, for that “service” you end up paying closer to 20p a Kwh, as a minimum. This is because private interests have had their hands in the pocket of the taxpayer since thatcher.
Free market in action my friend.
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