this post was submitted on 23 Feb 2024
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Energy bills to fall by £238 as new price cap revealed (inews.co.uk)
submitted 8 months ago by thehatfox@lemmy.world to c/unitedkingdom@feddit.uk
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[–] YungOnions@sh.itjust.works 12 points 8 months ago (3 children)

A bigger question is why energy prices are still linked to gas prices, and not decoupled for renewables.

[–] Wanderer@lemm.ee 3 points 8 months ago (1 children)

People would kick off when the price goes sky high and they have to pay it because they didn't realise or no one told them, or whatever.

Don't underestimate how stupid everyone is.

[–] YungOnions@sh.itjust.works 3 points 8 months ago

If you're on a renewables tariff your prices would go down. It would encourage people to switch. Otherwise you're prices would be no different to current.

[–] Dyf_Tfh@lemmy.sdf.org 1 points 8 months ago

Because this is the natural state of a market. Everything end up roughly at the same price, the price that buyers are willing to pay.

[–] HeartyBeast@kbin.social 1 points 8 months ago* (last edited 8 months ago) (2 children)

Because as I type this wind and solar combined are accounting for around 12% of generating capacity and over the course of a year gas sti makes up the biggest slice

https://gridwatch.templar.co.uk/

[–] YungOnions@sh.itjust.works 2 points 8 months ago (1 children)

OK, sure. But why should I, someone on a 100% renewable tariff, continue to pay energy prices that are dictated by a energy source I'm not using? That makes no sense to me.

[–] HeartyBeast@kbin.social 2 points 8 months ago (1 children)

You're not. It's a cap. So, I'm on an agile rate with octopus and there are times when my electricity prices are negative.

[–] YungOnions@sh.itjust.works 1 points 8 months ago (1 children)

How? We're also with Octopus and our prices have never been negative.

[–] HeartyBeast@kbin.social 3 points 8 months ago (1 children)

You on Agile? With prices that change every 30 minutes?

[–] YungOnions@sh.itjust.works 1 points 8 months ago

Ah, no, we're not. We're on 'flexible', so that makes sense. Thanks.