I suppose so, but given that gas represents the lion's share of non-'renewable' electricity generation, I would have expected it's price to have a major impact on electricity prices.
Today, yes. As I speak, gas accounts for 30.58%, but that is probably because it's a pretty windy day, with currently 34.9% coming from wind. I think it would be more normal for gas to account for appreciably more than half.
Most relationships end up like that.
I thought it blew up, was incinerated or whatever, a week or three ago? Presumably not completely, given that France is currently (a minute or two ago) supplying about 2.8% of our demand (as are Holland)...And our friends the French are considering chopping off their electric feed to the uk because we don’t agree either demands for fishing quotas.
Indeed - and when most/all customers are on variable-rate tariffs, and given that the government-imposed 'cap' on such tariffs is currently lower than the actual fuel cost, all suppliers will presumably set their prices at that 'cap' figure, so that everyone will be paying exactly the same?
Sensible suppliers will have hedged against price rises when selling fixed-price contracts. Of course not all suppliers were sensible. Ten suupliers have representing abou 1.75 million customers have gone broke this summer. I'm not 100% sure how the "supplier of last resort" process works but I understand that the cost of supplying these customers at a loss (since the price they are paying on the deemed contract will be lower than the wholesale price) will be spread over the energy industry as a whole.
Fair enough, but there are plenty of comparison/switching sites around, most/all of which are presumably getting money from at least some suppliers - so that is bound to have some impact on the 'overall' cost of energy. In any event, it doesn't alter my feelings about the bizarre situation we have (and with far more than just energy) which allows one to choose who one pays for the same product!
It might, and it would be nice (for me!) to have 'the tables reversed' for once! The fact that they are offering me that price fixed for 2 years (plus, incidentally, a £100 'gas credit' if I swap to them) presumably means that they are reasonably confident that the cost of LPG is not going to soar over at least that timespan.
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