It has relatively little to do with net zero. The surge in natural gas prices is a much larger driver - and the UK electrical sector was in real trouble before the Ukraine war. Carbon pricing adds a chunk, to be sure. Wind is actually fairly cheap in the UK market, it is now pulling the average down substantially. The fundamental problem is that a startling high percentage of power is supplied and transacted at the marginal cost set by natural gas. While the price of natural gas has declined from the 2022 peak, the percentage served by peaking assets has increased and offset that. I donât know how you fix that market structure - high-priced Hinckley Point nuclear isnât going to help much.
The other killer was Brexit - when the UK left the EU internal power trading market in 2021, it both increased costs and amplified the amount of power supplied at the clearing cost (the UK now purchases power from the EU market from surplus after it otherwise clears).
It is not quite as extreme, but it is reminiscent of California circa 1999.
Net zero means removing coal from electricity production. Coal was 1/3 of electricity production in 2010 and is 1% today. Thatâs been replaced by renewables, which are far less reliable for baseload production.
Coal fired power plants were a great baseload source. But because renewables are unreliable for baseload, gas has been the replacement fuel. The decision to move away from coal has made the UK reliant on gas and the subsequent supply shocks from disruptions in gas supply. Had the UK not blown up its coal plants, it would have been less reliant on gas and would not have seen its prices skyrocket due to disruptions in the gas market.
Of course, the UK government has been enacting policies to discourage the production of natural gas within its jurisdiction, making the country more reliant on exports. One of our companies was hit with an 85% windfall tax. You think weâre putting any new money into the UK? No damn way, at least not in energy.
Finally, nat gas prices have fallen from well below its peaks in 2022. That doesnât square with high prices in 2025.
well done you. Did SYBM help you with that playground response?
Youâre not answering my question direct. Starmer promised change, do you see change? I predict your answer may contain a numberâŚ
No, I didnât argue. I commented/questioned, without fact - gave my opinion - that rejoining the EU wouldnât lead to a massive positive change in Trade. You felt it necessary to challenge (mock) my opinion with a non-factual statement, with no supporting evidence.
As quoted below.
I then provided links that suggested otherwise.
I never argued, I also never said it would be worthless rejoining the EU. All I did was give my opinion in response to @Hope.in.your.heart
I provided a link stating that Brexit has cost the Uk Economy ÂŁ27bn over the last 2 years. Is that denying reality? I also posted links, to suggest Trade deficit had improved with two major economies which I guess doesnât support your narrative.
Staunch Brexiteers, denying reality⌠Do you not see the hypocrisy in your statement? So are staunch remainers, refusing to accept the result of the referendum, not denying reality?
Provide it then.
I did read it, but you are right I mis-stated the source. I also said ONS when it was OBR, My bad.
But, I am right in thinking that the Guardian is LW and only projects the truth.
Yeah your terminology is crass. I didnât know we were living in the 1800âs and that âbrown peopleâ were imported.
To respond to both yours and @Mascot comments.
My GF is Black African, working in Social Serviceâs. A tough and underfunded sector. My GF has a Schengen passport which allows her to live/work in the UK, reviewed at intervals and renewed at a cost.
We are in the process of trying for a family and guess what, our Children will be of Mixed heritage. They will more than likely be subjected to racist and prejudice comments. Something, I will have to parent and that I know it will upset me.
But hey, because my vote - my democratic right to vote - is different to yours, I am âlabelledâ as a Racist, wanting to get rid of foreigners. Being uneducated and manipulated by Russian money/social media.
To sum it up and by using your favourite adjective - Ignorant.
As you are both outstanding examples of morality and supporters of the EU I have attached links for your own perusal.
Basically, it is the protection of human rights to the freedom of expression. Something that appears to be very one sided on here.
On another note;
@Mascot are you still a moderator for this forum? If so, can you raise my concerns about how balanced the moderating of this website is please. I feel and have done for a while now, that my right to the freedom of expression is being suppressed and therefore my rights being violated. I have the right to hold opinions without interference and or judgement.
For those who are actually interested in learning more about energy, instead of just mindlessly absorbing someoneâs regurgitating their ideological firehose of bullshit they saw on that toxic Xesspit, hereâs what I found while doing my own researchâ˘:
Firstly, according to that very graph, the displacement of coal started in recent times from the 90s, and unless Iâm much mistaken, net zero wasnât a political objective then. This was caused mainly by natural gas. Since then, the next inflection point was around 2012, when it was renewables. The key issue is not renewables, the main cost problem is natural gas. Iâm not sure what increasing the mix of coal would do to help.
Secondly, the concept of baseload power seems to be rather misleading. There is an argument (Baseload Power Doesnât Make Sense Anymore - CleanTechnica) that baseload power is actually driving costs up by being expensive to shut down when peak generation is present, and that renewables can actually provide reliable round-the-clock energy (Dispelling the nuclear 'baseload' myth: nothing renewables can't do better!, also Can renewables provide baseload power? however it argues that biomass is renewable, which I donât consider so), which makes a lot of sense since countries are often large enough geographically, especially the UK, that localised weather conditions would not affect the entire country as much.
As @Arminius points out, disconnecting from the EU power trading market has probably had a larger impact than coal. Coal is literally one of the dumbest ways to be generating electricity.
It looks bad atm, but just wait until the ramifications for Trumpâs oil and energy tariffs on Canada hit. US will be royally fucked, whilst Canada may suffer some hardship for a few months, but they have already been negotiating a fairly major energy deal with Japan which will start to come in I think in the later half of this year.