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
It has nothing to do with privatisation, in fact the UK energy regulations cap the price of energy, so the government effectively controls the price, not the private companies
The price is so high right now because most energy is imported from europe. When the Ukraine war started, Europe stopped getting cheap energy from Russia so the proces went up as supply reduced
Wind is a large and increasing source of energy in the UK, but the wind turbines and associated infrastructure is not cheap, so that doesnt help cut the energy costs
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