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Or the massive increase in oil price which has a direct impact on all energy markets. Or that the U.K. is now a net importer of gas due to the switch from coal (remember all those miners that we used to employ) to gas electricity generation.
The only surprise for me is that these higher prices didn't happen five years ago.
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Exactly
The increase in prices came on almost exactly the same day as Germany raised ALL its Gas prices by the same figure as British Gas.
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We rely on imported gas and coal with the coal powered stations being old and inefficient. Nuclear stations. are coming to the end of there intended lives with little prospect of renewal. Energy usage is on the increase with little sign of any change. The other forms of power generation are only fit for peak load top up supplies and can't be used for base load supply.
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The insane thing is Graham, that the govt(s) were warned in the 70's that switching to Gas powered power stations would cause huge rises within fifteen years of their introduction. Now, here we are roughly fifteen years on with - huge rises in bills. Yet the govt lobbied (the PM herself in fact) to get the ban lifted. Short termism and share holder mania run riot again................... They and their Labour predecessors were told that coal fired stations needed upgrading to filter greenhouse gases effectively and to be more efficient. That way we would never have needed Gas fired stations (did we anyway?). They didn't listen.
The irony is that one day (very soon) we will have to go back to coal, as the other options (Gas, Nuclear) aren't viable long term, and 'green' methods aren't capable of meeting demand. If people think this is unlikely, then think again, as it has already started happening in the US.
You just watch as the bloody electricity companies come cap in hand to govt demanding subsidies from the taxpayer to re-open pits, and refit the stations...............