Why are all energy prices so high when we also have renewables? According to Dieter Helm, Professor of economic policy at the University of Oxford and who also penned a review for the Government on energy security, there are two reasons. The first is that the UK’s move away from fossil fuels towards renewables has “not been thought through”. Speaking to the BBC’s Today programme, he said Britain is one of the “least prepared” countries in Europe for an energy supply shortfall. There is very little storage for gas, leaving the UK particularly “vulnerable” to soaring gas prices.
iNews 12th Oct 2021 read more »