There’s plenty of good news about Britain’s electricity supplies. Carbon emissions are down. Renewable generation is at record levels, wind and solar costs are falling, and wholesale prices have fallen too – at least for the time being. What’s not to like? Unfortunately, the situation for consumers is more complicated. The remarkable transformation in power generation has come at a cost. Non-commodity charges – network costs, balancing costs, renewable subsidies, etc. – have risen and now account for a sizeable chunk of business users’ electricity bills. The question facing Ofgem is whether these cost rises are larger than they need to be now, and will need to be in future, to manage a sustainable power system.
Energy Live News 9th Sept 2020 read more »