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
1st 3 months of 2024 45.5% was generated from solar and wind and 50+% came from gas-powered plants.
The more volatile the market for gas the higher the risk for a supplier and that in turn provides less chance of a price drop. The biggest cause for the volatile market is the war between Ukrain and Russia: We in Europe started to cut ties with Russia but the alternatives can not provide gas as consistent and as cheap as Russia does/did.
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