Since the above was posted, the situation has become significantly worse.
Wholesale natural gas in the UK has reached the shocking price of 350 pence a them. That is over four times the previous peak, and about eight times the norm for this time of year.
That price suggests that electricity produced from natural gas is costing about 35 pence a unit for fuel alone, and over 50 pence a unit delivered to the end user.
Since the above was posted, the situation has become significantly worse.
Wholesale natural gas in the UK has reached the shocking price of 350 pence a them. That is over four times the previous peak, and about eight times the norm for this time of year.
That price suggests that electricity produced from natural gas is costing about 35 pence a unit for fuel alone, and over 50 pence a unit delivered to the end user.
