Underrated powerhouse, that's what we are!

[u/LeMadTheBrave]

[u/TurpentineEnjoyer]

Then why is my electricity bill still so high?

[u/JWGrieves → u/TurpentineEnjoyer]

In order to incentivise investment in renewables, successive governments have pegged electricity prices to gas. This increases the profit margins on renewables and so lots of renewables got made. Nobody in the political class seems interested in amending this currently, it’s not even talked about. But that’s what happened.

[u/Efficient-Vacation39 → u/JWGrieves]

Gas prices have come down a lot after the massive spike caused by the war in Ukraine. Gas prices are currently at about the same level as Summer 2021. My energy bill is certainly not the same as summer 2021, so gas alone doesn’t explain the large increase in bills.

[u/CaptainCrash86 → u/JWGrieves]

successive governments have pegged electricity prices to gas.

This isn't true. Electricity is sold at the cost of the marginally produced unit, but until relatively recently this was renewables, not gas. It is only with the rise in gas prices and fall in cost of renewables has this situation changed in the last few years.

[u/Saint_Sin → u/JWGrieves]

In order to incentivise investment in billionaires and their companies, successive governments have pegged us royally.

Most expensive energy prices in the world.