https://theenergyst.com/gb-power-prices-to-remain-high-despite-drop-in-short-term-forecasts-cornwall/ Wed, 10 Jan 2024 11:14:02 +0000 hourly 1 https://wordpress.org/?v=6.5.3 https://theenergyst.com/gb-power-prices-to-remain-high-despite-drop-in-short-term-forecasts-cornwall/#comment-27540 Wed, 10 Jan 2024 11:14:02 +0000 https://theenergyst.com/?p=20807#comment-27540 With the urgent need for the UK Government to support investment in fossil-free energy sources and the need to promote the use of fossil-free energy, I doubt that the UK will see an overall drop in the cost of fossil energy. At present electricity costs around 3.5 times more per kWh than gas which is nonsense when more than half the UK’s energy comes from low cost fossil-free renewables. What is likely to happen is a gradual reduction of electricity prices as gas prices go up so that over time gas and electricity prices reach parity, then fossil gas will become increasingly more expensive.

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