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
[https://www.greenmatch.co.uk/blog/energy-prices-europe](https://www.greenmatch.co.uk/blog/energy-prices-europe)
Broadly speaking, and unfortunately this can’t address your perception, the idea of “prices so high” is obviously going to be met with “compared to what?”
Prices have risen due to Russian sanctions, COVID, failures in the energy provider market in the UK etc etc. The link above presents comparative data for Europe and the UK’s energy prices are not that much above the European average and far from the highest in Europe.
The link below (wiki…) shows the breakdown of UK energy. Coal will be 0 next year (one guesses) since the last coal power plant was just shut down. Like pretty much all Western nations bar France, the UK likely should have had a bit more investment in nuclear power but there was a bit too much environmental trolling and fear mongering coupled with a bit too little political leadership 40-50 years ago.
[https://en.wikipedia.org/wiki/Energy_in_the_United_Kingdom](https://en.wikipedia.org/wiki/Energy_in_the_United_Kingdom)
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