Energy Costs to Rise. (Again)

Arran Cameron: 
 

The question is where exactly is all the money going when the price of a kWh increases for the consumer?

Has the privatisation of utilities been a success or a failure?

Will renewable energy always be more expensive than cheap coal?

It's mostly going to places like Russia and the USA.

North Sea gas is running out.  We are having to import more of the stuff every year.  It arrives via pipelines from Norway or Russia, or boats from the USA.

That's both gas for heating, and gas for generating electricity, with gas still being the largest source of energy generation.

All the time there was a pandemic-induced recession, there was plenty of supply and little demand.  But as industry starts up again, demand is rising Worldwide, and we're buying on the World market now.

Renewables will help in the long run, but coal-fired power stations are all but shut down, and nuclear stations are also shutting down.  So the requirement for gas isn't going to go away any time soon.

Arran Cameron: 
 

The question is where exactly is all the money going when the price of a kWh increases for the consumer?

Has the privatisation of utilities been a success or a failure?

Will renewable energy always be more expensive than cheap coal?

It's mostly going to places like Russia and the USA.

North Sea gas is running out.  We are having to import more of the stuff every year.  It arrives via pipelines from Norway or Russia, or boats from the USA.

That's both gas for heating, and gas for generating electricity, with gas still being the largest source of energy generation.

All the time there was a pandemic-induced recession, there was plenty of supply and little demand.  But as industry starts up again, demand is rising Worldwide, and we're buying on the World market now.

Renewables will help in the long run, but coal-fired power stations are all but shut down, and nuclear stations are also shutting down.  So the requirement for gas isn't going to go away any time soon.