Am I being dim, naive or what?
As I understand it, the problem underlying the current 'fuel cost crisis' is a massive increase in the wholesale price of gas/oil.
However, gas is only responsible for about one-third of electricity generation, so one would expect that the impact of this would mean, even 'overall', that the increase in price of electricity should not be much more than about one-third of the increase in gas prices - and for those suppliers who boast that much (maybe even 'all' in some cases?) of the electricity 'they buy' comes from 'renewable' sources, the increase in electricity prices ought to be considerably less than even that.
What am I missing?
Kind Regards, John
As I understand it, the problem underlying the current 'fuel cost crisis' is a massive increase in the wholesale price of gas/oil.
However, gas is only responsible for about one-third of electricity generation, so one would expect that the impact of this would mean, even 'overall', that the increase in price of electricity should not be much more than about one-third of the increase in gas prices - and for those suppliers who boast that much (maybe even 'all' in some cases?) of the electricity 'they buy' comes from 'renewable' sources, the increase in electricity prices ought to be considerably less than even that.
What am I missing?
Kind Regards, John