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Please do more careful research. People can barely pay their electricity bills here in UK. Where have you been sourcing your information? Need to be really careful about the statements you make, because they could erode viewers trust in your platform!
It costs more to decommission a nuclear power plant than it does to build the place. And decommissioning takes 40 years or more. That's longer than its productive lifetime.
Octopus do. Their tariff called Agile changes price every 30mins and often offers free electricity when it is very windy (to avoid paying for curtailment) or when the wholesale price significantly drops
While renewables' marginal cost of production is indeed zero, somebody still must pay for their actual cost -- the panels, the turbines, the batteries, the distribution infrastructure. These are not free. While marginal cost is useful for schedualing purposes -- balancing authorities have used Merit Order functions since the dawn of electrification -- it is by no means the entire story.
I was paid for using electricity for over six hours last week. Octopus Agile does exactly this - adjusts the rate every 30 minutes. All you need is a smart meter and some courage (because there have been a few days where for an hour or so in that day, electricity has peaked at almost £1 per kWh!). Overall, I'm set to save around £400 a year on electricity, and that's without the promise of more cheaper hours/days of electricity to come.
Use your own solar system, and if we ask around, the power company doesn't pass on savings much compared to the far more profits that various companies are making compared to outdated practices for less efficient ways.
He talks about that, looks like you don’t hear him completely. The reason is UK retail pricing policy which doesn’t pass on the benefits. BTW, UK is working on to modify that.
These huge solar and windfarms have been bought on long term finance and they still need many more batteries so don't expect power prices to drop so soon. The loans have many years to run and infrastructure still needs to be built out and maintained Plus the existing loans still need paying off.
@@niceguy1947 - their are no 'loans' as such, the cost is based on a _Contract for Differences_ investment basis, the renewable generators and their investors take the construction and operation cost and risk in return for a guaranteed future payment rate that runs for 15 years of generation (with a minimum guranteed strike price). As renewables are much cheaper than other forms of electrical generation this should work out in the end once fossil-fuel generation is off the scene or at least removed from setting the UK's pricing as it does currently. Other than that the cost of operating at the strike price, when it's above the generation price, is covered by a relatively small percentage added to the cost of electricity (a fraction of a penny per kw at renewable rates); in effect a very low rate insurance policy everyone buying electricity pays into against the risk of prices dropping to far for the generators to get an predefined and agreed return on their investment. Once you factor in the cost of inflation over the 15 year term, this actually comes out as a very cheap way to drive renewable growth. Requiring much lower intitial seed capital than it would have otherwise cost the UK tax payer to transition away from expensive fossil-fuel generation.
Germany, Belgium, Denmark, Ireland and Italy all have higher priced electricity than the UK, with Italy suffering the most expensive electricity prices in the world.
I am in the U.K., and live on my own. My bill is £200 a month. The Energy "Suppliers" are making a killing here. They don't call it "Rip Of Britain" for nothing.
The UK consumer price, unless your on an Agile style tariff, is determined by the most expensive generating source at any point in time even if that source is providing only 1% of electricity being used, this happens to be natural gas generation electricity most of the time. The renewable energy suppliers, as well as the OFGEM regulator, are seeking for this antiquated way of pricing electricity to be changed to one that allows the lower cost of renewable generated electricity to be passed onto more consumers.
@@NoiserToo yep climate change is nonsense, if so than stop going to the doctors because the cures they provide are discovered by scientists and all scientists say climate change is real.
...and UK electricity generation companies are making higher profits than any other companies in British history. HMM, I WONDER IF RENEWABLES ARE TOO EXPENSIVE, OR WE'RE JUST BEING RIPPED OFF. It's a complete mystery.
Agile tariff all Autumn has been expensive in UK, little wind and a lot of cloud. Today agile tariff 10p not expensive but makes up a little for the resent expense.
@@waltermcphee3787 It says a lot when pensioners die out of fear to put their heating on, electricity is too expensive regardless of what the cost is to suppliers, the reductions are only passed on to customers in the summertime when demand is low.
Before you say things like "Energy prices fall below zero" in UK, you should call up your friends in UK and ask them how much they are paying for their energy this December. My sister's bill is over £1000/- for her 4 bedroom house. Somehow, I don't think that is "below zero
£1000 a year is outrageous, I live in Australia and even with a aircon pumping and a 1500w pool pump on 6hrs a day our bill is virtually nothing with solar.
Electricity prices here are the highest in the world and all manufacturing is closing down! I can't afford to put the heating on at all as electricity accounts for 10 % of my income. Can you explain Mr Viking as I would love zero energy costs passed onto me!
Look up Octopus Agile, i'll be charging my car tomorrow morning and getting PAID to do so, negative energy tonight. Nothing stupid about that. I could quite literally run heaters in the garden and get paid for that too, now that IS stupid in the grand scheme of things but I would get paid for that. Hardly worth using a toaster, it would need continually resetting.
@briantitchener4829 Yes it can and that's why having a storage battery helps. Even so, averaging over the year without a battery it's still far below the capped rate. For me even lower. The £1 rate was hit for a mere few hours, no real drama, it's all about averages, not point prices.
The wholesale price of electricity in the UK is set by the most expensive energy source, which is gas, so that decides how much we pay. Even if gas were cheap I’ve a feeling the energy companies would still charge through the roof!
Sorry Sam, but you are completely wrong about the UK electricity prices. The price of electricity is set by the highest demand nationally and does not consider the regional variations. UK prices are 4x times higher now than in 2022.
@JamesKerr-z4o - I think the OP is talking about the disconnect in the consumer electricity priceing framework currently, that the green energy providers are pushing the government to change to introduce regional (sub-UK nation level) regionallity. The current consumer pricing framework bases the metered consumer charging price on the most expensive electricity generating source in that timeframe (even if it only generated 1% of the energy in that timeframe), which just happens to be natural gas (particularly for single cycle turbine gas generators used in peaker plants).
@GruffSillyGoat I agree, but at some point, maybe 2035 maybe 95% of electricity will be simply fixed costs. Once solar panels or wind farms are established then there will finally be some competition between fossil fuel and green tech. The market may be disrupted but fusion, but this has been 10 years away since the 1990s, so who knows
@GruffSillyGoat If I owned a natural gas peaker plant I would be looking to begin a conversion to batteries. Perhaps they are waiting for batteries to drop lower still.
I don’t know where you get your information from but it’s 100% wrong. Uk electricity is the most expensive in Europe. My bills are going up and up. We are currently building Hinkley C a nuclear power plant. We are planning to build another.
In that case (in the UK) then why has home electrical energy prices near enough TREBLED in the last decade?????And with that more than DOUBLED in the last 4yrs alone.....Theres holes in your story......
In 2023, 77% of Germany’s electricity production was from fossil fuels. So no, they have not moved over to renewables. Maybe they should and then they would be doing better?
I live in germany we were actually doing good. Germany imports 100% of its fossil fuels , replacing them with renewable is a net positive for Germany. Our problems are more realted to sectors where gas cannot be replaced , like metal working . You cannot replace gas in metal industry as the temperatures needed are often higher what the electric furnace can offer without melting itself. Also our massive chemical industry used russian gas as raw material and not fuel. Millions of people are involved in the industry of converting gas in to fibre glass, contact lenses, paint, faux leather, faux fur, plastic, fertilizer, lip sticks, tyres , medicines, jeans etc the list is endless. now that cheap gas is gone due to sanctions on russia , but China is still getting it, USA has its own cheap gas, so hundreds of german products are suddenly uncompetative .
Hi Sam, greetings from the U.K. I have to agree with other comments here, the price of electricity to consumers is extremely high in the U.K. at the moment. Now the generation companies may well be seeing their COST to generate fall to near zero at certain times, but the PRICE of this electricity is eye watering to us consumers. Our government, the previous Tory one, and the newer Labour one HAVE DONE NOTHING to prevent these ripoff PRICES to consumers, the people of the U.K. are furious about the energy PRICES here in the U.K.
He’s not talking about energy prices for consumers, folks. There is a closed market in the UK for electricity where the grid price is controlled to ensure profit, shareholder dividends, CEO bonuses, reinvestment, etc. The UK consumer is being stiffed by OfGen which governs the market. It’s not fit for purpose. Nationalise the power companies, integrate them and manage the price to ensure a lower consumer price and the government will be congratulated. All public utilities should be owned by the population/government not just a small group of foreign investors/owners skimming off the top at the insane cost to consumers.
the sad reality is this stuff isn't free, the reason it looks like it is because its subsidized to all hell and while so called non renewables are taxed into oblivion. if the free market was actually free the non renewable stuff would be a lot more free than the so called renewables would ever be, stuff breaks down batteries need to be replaced, you'll see this stuff is going to be insanely expensive, its not a pipe and a match, this is high tech stuff that will be breaking and needing constant repairs.
@@youtubeshadowbannedmylasta2629 Out of touch with reality. Fossil fuels get ginormous subsidies -- amounting to SEVEN $TRILLION per year, according to IMF. And even without the IMF's thorough accounting for externalities, other estimates are in excess of 1 $trillion per year. So no, the "free market" would have to internalize those $trillions into the price.
Depends on your tariff if you are on the standard variable then yes you will pay that fixed price, I average around 10p per kWh with battery storage on a peak/off-peak tariff, you also can have tracker tariffs like octopus agile that do go negative and pay you to use energy but at the cost of going well above standard at peak times but if you have battery storage you charge up when its cheep or get paid to charge up if it goes negative and then use that energy to run the house when prices rise at peak times.
Octopus Agile going negative rates tomorrow morning, getting paid to charge my car again. Don't assume everyone is on the same tariff paying the same price!
If you sign up to Octopus you can choose a tarif that reflects the hour by hour market price of electricity. This can and often does go negative. On a standard tariff the price is set by the price of gas which is still very high.
@zotter2542 If so brilliant, why doesn't Ofgem offer that advice? Why doesn't the government mandate consumers to switch to using Octopus' tariffs? Nut Zero is a scam.
Rubbish. I live in the UK and energy prices, especially electricity, are the highest ever. Sure, there may be the odd low demand moment when electricity prices dip. But look at energy costs around Europe, same high prices everywhere there is a net zero objective. Look at Germany...since USA blew up Nordstream and removed cheap gas - and they closed all their nuclear power plants - they have been in serious decline with Volkswagen, BASF, Meile etc etc saying they will close plants due to sky high energy costs. Yet in the USA and China, fossil fuel energy is 20% of the European price. If you want industry (not services) you need cheap energy. Europe doesn't have it. And as we in the UK learned at our biggest wind farms....sometimes the wind doesn't blow for at least 7 days. Ouch....fire up the hydrocarbon plants which you need as backup.
@@youtubeshadowbannedmylasta2629 you mean, make the oil companies pay for disposal of exhausted oil rigs instead of governments doing it for them, and charging them for the harm they do to the environment and healthcare bills caused by pollution, things like that? Prices would be much, much higher. But good try, you nearly avoid the "energy companies making record profits" point apart from completely failing to avoid it.
I know exactly what he means. The video is completely misleading. The video attributes this occasional negative pricing solely to renewables which is quite frankly laughable, and conveniently fails to mention that this shift has also resulted in the UK having some of if not the highest energy cost per unit in the world. There is also conveniently no mention of the UK Government's massive expansion of nuclear power - the biggest in 70 years - the Government are by the way doing this because solar and wind are not panning out to be so cheap and reliable after all...
Sorry Sam ole buddy. I am ROTGLMAO over this podcast. The California mandate to use renewables has resulted in the cost of electricity increasing 3 and sometimes 4 x the national average. In the summer California residences find that charging their EVs can cost more than filling their ICE cars. Have you read about the rolling black outs in California caused by the lack of reliable fossil fuel power? If you have rolling blackouts prices increase during peak use to make people stop using electricity. And that includes charging the EV. People in California now are paying $800 to $1200 a month for their power bill in the summer when they were paying $150 to $250 a month .
This mainly comes down to greedy scamming power companies. Do you really think power would be cheaper using coal, gas or nuclear. What a load of crap charging your EV could be more costly than filling, never stop hearing how expensive gas is, this is the main reason Joe Biden got voted out, because of the price of gas, now for some reason people don't care because Trump has been voted in.
@@danielduggan7126 Sam has pointed out many many times, batteries are a necessary part of the transition to clean power. You are paying more because the government punishes us with tariffs, in order to prop up the dying fossil fuel oligarchs. If we were able to purchase wind, solar and battery direct from China in large quantities, the price would be much cheaper and we would have much lower electricity prices…assuming we cut out the middlemen.
@@danielduggan7126 The fact is that China, with the one of the highest fractions of solar generation attached to their grid, has MUCH lower prices than the great majority of other places. I know this for a fact because I just looked it up and downloaded a list of cost per KWh of juice in 150 different countries. It is quite an interesting list! From lowest to highest varies by 50X! Yes, 50X! A few weeks ago the channel Inside China Business had a video about China's low energy prices, with analysis of the causes. High fraction of renewables generation was one reason, but there were a few others. That channel btw is excellent and a must-listen (and if you've never been there, a must-binge-watch at least 6 months back!).
Haven’t had rolling blackouts in California in years. With the battery storage California has installed and solar installed, we only get blackouts to prevent fires in high wind conditions now. AI and crypto are gobbling up more power now and we may be in trouble in the future if we don’t keep up with demand. In 2016 we installed solar to blunt the crazy prices we were paying during the summer. We lease our system for a fraction of what we were paying SDG&E for electricity and every year we get a refund from the extra electricity we produce. During public safety shut offs for wind, our battery back up covers all our needs at night. While neighbors turn on generators or sit in the dark, we have power. There are ways individuals can help solve these problems.
I'm from the UK and it's just gone up. We have a lot of clouds and no wind which made us import more. We can't store energy due to it being too expensive.
That's because the highest cost energy generation at each of the 30 minute metering points drives the price to the consumer, even if it only produced 1% of the energy in that time frame. As gas turbines are the most expensive source, particularly single cycle gas peaker plant, they set the price the majority of the time. This is what drives the consumer price in the UK and why it's so sensitive to the price of natural gas. If one is on an Agile tariff though, one that charges at the underlying wholesale rate, then one would see these negative swings, where the tariffs pays the consumer to take energy off the grid. Many of the green energy suppliers are pushing for the government to change this setup, so that regions of the country with high renewable generation and usage pay less. The reason the UK import more nowdays is the UK's grid is diversifying as part of the pan-European grid, with more country to country interconnects now present. One way to reduce the impact of the cost of natural gas is to import electricity from another country, particularly one with high renewable generation (such as from Norway's hyro-electricity) or zero carbon (France's nuclear-electricity). The UK also exports more electrical energy than before, particularly at time of high renewable generation, which lowers the cost of imports and in some recent years has been a nett exporter of energy over the year. Further, if considering imports one needs to factor in the 60% of natural gas imported to the UK and the high cost of such, compared to the much lower cost of electricity imports and homegrown renewable generation.
Most currently just pay a fixed unit cost based on the most expensive form of generation on the grid (currently gas) so while its true the wholesale price does go negative this isn't passed on the the end user unless they are on a tracker tariff like agile from octopus that goes up and down throughout the day but you really need battery storage to make the most of a tariff like that.
The UK unit price is set by gas. The last and most expensive gas power station to come online sets the price for all of our electricity. It used to be logical as gas was the primary power source. It's now ridiculous as renewables have overtaken gas. The way electricity is priced needs to change.
The wind generators get paid via a contract for difference CfD and that has to be paid somehow by the customer or taxpayer. So this low or negative marginal price is a result of overbuilding wind. There are plenty of times when the wind generators are paid not to generate due either to excess supply or transmission constraints.
Most homes in the UK still heat with natural gas. This has to change to electric heat pumps.... which will drive up electricity demand. Therefore the negative energy prices are temporary until the shift to heat pumps has been accomplished. So the UK actually has a long way to go before it has installed enough renewables and batteries. The battery estimates are for the current situation. They will need much more once homes use electricity for heating.
The UK has a renewable generation pipeline in place that is designed to ramp ahead of the projected demand increases, including those from heat-pumps. The cost for this capacity is performed by a financial device call _Contract for Differences,_ whereby the energy generators bid to construct renewable capacity that is paid at an agreed per MW rate (upto a contractual maximum rate) once generating typically for a period of 15 years. The suppliers and their investors fund the design, constructions and operation of the renewable sites via these contracts, assuming the implementation risks. The UK consumer then pays for the energy plus a small % on top to fund the contract for differences in their everyday electric tariff. Even with these contract obligation built in the electricity price, it is expected the prices will eventually drop once fossil-fuel generation is displaced (or the consumer pricing framework is changed so as not to base the cost of electricity on the highest cost generation - which is natural gas). In terms of battery projects, there are 860 grid scale projects in the pipeline in the UK, either in construction, about to start construction or undergoing design.
@ Sweet! Thanks for this info! I do not live in the UK and was unaware of their foresight in this. Sounds like they know what they are doing. I'm not too sure about the US utilities as there is no central authority. Each utility is regulated by their state government as well as at the county level. A real mishmash of differing ideas, needs, and regulations.
@GruffSillyGoat I'm also very keen to see what Octopus does if it can launch the Renault 5 EV next year with a V2G plan. It still needs regulator approval, but one day all those EVs parked up could be helping balance the load when otherwise doing nothing. Just think of how much battery capacity there will be sitting dormant (given a car is often parked up for the vast majority of any given day).
@@JonathanMorris777 - I'm hoping Kia/Hyundai will switch on V2G via n update as well when this happens. They're already involved in trials of "AC V2G" (V2VNY project) with one of the small business "home style" charger equipment suppliers, who's charger acts as a V2L load (although only at 3.6kW, or 7kW with two cars) that synchronises and merging the car's AC output with mains feed into the house/business.
How do you improve insulation in all those Victorian houses? Even with heat pumps you will consume a lot of electrical energy with your old houses lacking thermal insulation.
Sam. Sorry mate, whatever your on…I think we’d all like some… the UK is about as shot as a country could be - Renewables aren’t financially viable in the UK.
To clear things up, the UK's energy pricing system can make renewables appear more expensive due to the marginal cost pricing model. This system sets electricity prices based on the cost of the most expensive energy source used to meet demand, typically gas-fired power plants. As a result, even though renewables like wind and solar are cheaper to produce, their prices are tied to volatile gas prices.
Get a dynamic contract, and you'll understand what he says. Then you'll also see renewables are viable. I think it's funny how disrespectful you are being while at the same time showing how little you know about renewables. The UK is unique in how much wind it has and you can see its potential for cheap electricity for industry when you see the hourly prices. I had negative prices many times this year.
Appears it’s true what’s said about the Green brigade - all I’ve said is the truth - yet I’m told ‘I’m’ the disrespectful one. For the last week I’ve had grey skys and no wind. I’m speaking personally - renewables don’t work. Period.
The DC fast charger rates in UK are criminally high. Obscene really. Must be huge profit gouging. I guess the charging infrastructure needs more volume and competition.
To clear things up, the UK's energy pricing system can make renewables appear more expensive due to the marginal cost pricing model. This system sets electricity prices based on the cost of the most expensive energy source used to meet demand, typically gas-fired power plants. As a result, even though renewables like wind and solar are cheaper to produce, their prices are tied to volatile gas prices.
@@jhunt5578 Your living in a complete fantasy land ! It doesn't matter how many renewables get put in place, profits have to be made, together with the infrastructure and maintenance costs pwer prices are always going to be exorbitant unless it is fully taken over by the Government, which won't happen.
What a load of crap. Standing charge for electricity is 61.21p per day before you use any energy. £18 for 30 days. Unit price 23.44p Gas standing charge 29.81p per day. Gas per unit cost 6.01p used to be half that cost. 1 month electricity cost £59. Gas 1 month cost £126. That is from 19th Nov to 9th Dec.
As a UK citizen, I will be charging my car tonight and getting paid for it due to negative priced energy. That makes your statement 100% incorrect I guess? :)
Just a small point but the same applies to Wales as well who are also doing research into wave power. The tides are there twice a day regardless of sun and wind.
@@briangasser973 The concept of "baseload", in the real world, is becoming progressively redundant. The evolution of smart grids that supply electricity where it is needed, when it is needed, are able to provide much more efficient generation and supply on an as needs basis. The era of running traditional generation plant full time at an intensity required to maintain a minimal level of generation, is comng to an end. That according to the energy sector. Other than that, yes transmission infrastructure needs to be paid for. We ALL pay for that one way or another. But specifically penalizing a consumer who tends to place less demand on "the grid", seems somewhat dubious in my opinion. It's not even a user pays based business model then. I do however get the dilema at play.
My area has the 2nd highest electricity costs in the US, and they’re going up again through the use of “delivery” charges. These prices negate any savings over powering gasoline vehicles.
Focus on renewables has made our energy prices the most expensive in the world. Perhaps at some point the wind blows and the sun shines, but I can assure you we're not paying negative prices on our energy bills.
Hi Christine, I live in Oxford U.K., I totally get where you’re coming from, because energy costs are ridiculous here in the U.K. However, we have to be careful about where the blame lies for this. I don’t think it’s the shift to renewable sources, more that our governments (Labour and Tory) and the regulator (OfGen) are allowing the British people to be completely ripped off by the energy companies, who have been making billions over the last 2+ years. Government needs to step in and actually act for the British people they are supposed to represent, and not for the energy companies. It’s a travesty!
The electric companies will find a way to charge customers high prices even if the generated electricity is virtually free. This will most likely be through a "upgrading the electrical infrastructure" excuse like the rail companies have done for the last 30 years in the UK
The same thing is happening in Australia, companies that are setting up solar and wind farms are going directly to the national grid, where the money is, a lot of the rural towns that are close to these energy farms are just bypassed and have to pay the rate set by the NEM (National Energy Market) Broken Hill, a town of 20,000 people has a wind farm just out of town that can power over 100,000 homes, and AGL who owns it, has a line directly to the Broken Hill sub station, and have stated that they can power the town with their wind farm. But, recently, when national grid transmission lines went down close to Broken Hill, in a storm, the whole town blacked out for a week or so, it was then revealed that they just didn't bother to set up the systems required at the substation to run Broken Hill directly from the wind farm, it was a 'mistake' they said........
This is BAD news. It means that not only is there not enough demand for wind power, but that its generation has started to cause economic harm. Any "product" which the market attaches a negative price to is usually called "waste". Negative prices for wind energy indicate that the market views it as essentially waste and that it cannot be used in any productive way (and in fact, even worse, causes additional costs). This does not mean that you have achieved cheap energy for the economy at large (case in point: the incredibly high energy prices in the UK), it simply means that installing more wind energy generation is increasingly useless. The point is that households, infrastructure and industry all require energy that is available WHEN NEEDED. Imagine that you multiplied wind power generation in the UK by another factor of 10. Then whenever there is any wind, almost all of that additional power generation needs to be shut off to prevent an overload of the grid. Meanwhile, when there is no wind, there is no wind power regardless of how much generation you have installed. The end result is that on paper you get permanently negative prices of wind power while the real cost of energy continues to rise and and a majority of the newly installed wind mills does nothing at all. The "real" cost of wind power, as far as it can be used ecnomically, only becomes visible when and if you take into account the cost of storage systems that would be sufficiently large in order to make it reliably available all year round. THAT cost is prohibitively high and dwarves the cost of the energy generators themselves.
My tariff (in Uk) gives me free electricity on a Sunday if I can make a saving on Monday to Friday peak time, 4pm to 7pm. Good for charging the car, doing washing etc. It's quite easy to achieve it you go to the pub early evening. Mind you the beer is costing me a fortune.
Well, that already happened in NH USA. When a huge nuc plant was to be built the promise was, once it was built after years of construction delays and a huge cost increase our bills went way up. And still NH has some of the most expensive electricity in America. And our Republican g0vernor Sununu and fellow party members have pushed hard against renewables. So much so a few years ago when the state was upgrading a highway rest area and were to put in EV chargers. Republican legislators saying "Web don't want those kind of people at our rest areas." So, the station was moved nearly offsite and is difficult to find.
Here in sunny CT we have the second highest electricity bills in the country… our EV‘s are powered by natural gas after we shut down our two nukes. Go figure.
You're not on a tariff that offers free or even negative price electricity. It's available, i'm on it, just like plenty of others. Other tariffs are available.
Not sure what country you are in, but in Australia all of the engineering and scientific bodies related to the grid have demonstrated that renewables are about three times cheaper than nuclear and two times cheaper than coal. Nuclear would inevitably lead to more expensive electricity
What are you sorry about? If your uneducated opinion doesn't match established facts of the CSIRO & grid design engineers, see that as an opportunity to fill in your knowledge gap.
Prices of power below zero cause power producers that can produce power when renewables can't to go out business. The other problem is renewables produce power that cuts out causing industry to spent money on back-up systems. Actually allot more money than nuclear would cost.
What utter tosh the UK has the highest electricity prices globally at 25.46 pence per kWh in 2024, significantly exceeding the rates in any other European country
My off peak rate is 6.67p per KWh. Peak is 23.3p. A time shift battery makes over 60% off all power off peak. Six months of the year solar feed in tariff gives negative energy bills. You could do so much more.
The oil and gas fields off Scotland provided little benefit to the people of the U.K. as the fields were sold off (unlike Norway) if you think that the people of the U.K. will benefit from cheap energy it will definitely be a miracle.
Sam Mate, you have missed a big point that Tony Seba gave us, any generation unit be it coal, gas, oil or nuclear all have to have a row of cooling towers to get rid of excess heat which is just like many hundred dollar bills floating into and heating the earth totally wasted and reducing efficiency just like an ICE car with a radiator reducing efficiency to 20% with electric cars at 60% Stick that in'm, go hard Mate!
SAM! I love watching your show but England has the highest energy prices in Europe. Midday solar production cost may be low but Energy cost to the consumer is very high. Spinning it some other way is misleading. Please tell us how much was your solar panel setup and how long to pay it off? It’s NOT free energy!
If infrastructure of current systems are still in place and still need to be built or maintained thats probably 80% of what your paying for that applies across the planet
The UK's household electric price is one of the most expensive in the world. Only in Italy, Ireland, Denmark, Germany and Belgium, is it more expensive. In the UK, it will take more than five years to build a battery storage facility, it took over ten years longer to build a nuclear power plant than the industry average.The cost of batteries might be going down, but the cost of getting a facility through the inquiry and planning procedures is only going up. Just one correction to your video. The sun is always shining, if it wasn't, we'd be in big trouble, it's just that we aren't always facing it.
Sam are you kidding, you can't be this uninformed. We have the second highest energy cost in Europe and one of the most expensive globally. The idea that we could ever have energy so cheap it would be almost free is absurd. If this is what you think we'll you are utterly wrong.
About sixteen years ago the UK generated power without the use of coal for the first time in over two hundred years. It was only for a few hours. Look how far the UK has come in such a short pace of time.
The german magazine Zeit shows a diagram with the energy amount that is made with coal, gas, wind, solar, biomass and else. Windenergy sometimes reaches above 60% with a maximum of 71% but some days, sun and wind together are only 6%. That is the problem with all renewables. You need a 100% back up every hour of the day all year long. And that back up must be payed as well, so renewables are never below zero.
Hi! As a UK resident writing this in late December 2024, I need to clarify the UK electricity position. We currently have the most expensive electricity in Europe and probably anywhere in the world. As you rightly say, if we went renewables, we could flip this. The problem is, politicians. We have just had 14 years of Conservative (right-wing) government who were anti-green energy and were in the grip of the oil lobby. Hard to believe given the possibilities, but true and this has led to our over reliance on imported energy from Russia (now cut off!) and fossil fuels. A second problem is poor regulation of energy companies and the linking of gas prices to the price of electricity. With a recent change to a more foreword thinking Labour government things are looking more positive, but even now the adoption of EVs is being slowed by inflexible quota systems for manufacturers/retailers and a new annual vehicle tax for EV drivers from April 2025. Thanks.
Totally incorrect,we subsidise renewables through our bills, we import gas and wood pellets from abroad. Renewables are not Green. We have zero coverage from renewables for large time periods
Marginal costing mechanisms have artificially inflated the cost of British electricity. The last 1% if generated at a gas powered power station, is the rate for 100% of the bill. The reason excess profits are being made in the uk is because ofgem is powerless, and energy companies are exploiting this. Non of the benefit of cheap generation are passed onto the consumer.
Here's an interesting point for the nuclear fanatics in Australia: Australia has electricity price at 0.26 $US/kilowatt-hr; France (with its govt. owned nuclear) has it at 0.3 $US/kilowatt-hr; and the UK has electricity prices at 0.35 $US/kilowatt-hr. So much for the myth that nuclear energy is cheaper than green renewables! 😂
@@jimgraham6722 In Australia, 39.4% was renewable generation in 2024. 8GW of new large-scale renewable generation capacity was added to the grid in 2023, and 56,000 new battery storage units were added to the grid in 2023.
France sell it's electricity to Germany... Also included in the electrity costs are the salary, perks and 58 year old pensions from EDF fatty and numerous employees. EDF is a state owned provider, one of the remnant of communist France 😏 You remove all that and electricity is nearly free mate 🤷♂️ Get some information please.
I lived in Ausi for half my life and did manual cane cutting in the late 60's and all the other hot jobs it seems. I can assure you there is PLENTY of Sun, and LAND, to produce as much electricity as you could ever wish for. I used to drive for hours along roads, not that far inland and close to civilization, that could accommodate solar farms and batteries that you would never even see from the road. Elon said years ago, that if he built a solar farm in the Ausi desert 25km x 25km it could power the whole world during a sunny day. He was just getting across the point that there is not exactly a shortage of land to install this stuff, AND importantly you do not need that much area in actual reality to supply all the electricity you require. To test it out, I got a map of Ausi and drew this square to scale, from a few meters away I could barely see it! Puts everything into perspective, that is for sure. They keep talking about baseload nuclear in Ausi, and that may have been true a decade ago, but things have progressed so much since then, by the time they get the first one installed ( no time line as yet) it will be obsolete and too expensive in comparison to renewables. Also renewables can be financed by private enterprise because it is relatively cheap to install, nuclear will have to be paid for by the government, because it is in the multi billions.
And not only is this happening in good ole sunny England, but it is also being done through great reluctance to engage! If only someone could have predicted this decades ago... geezes!
Amazing that i heard this about the last four quater's of this years green electricity "from down under",and i live here.2030 is an exciting prospect here now,thanks
Are You talking about THE correct country ? We here in the UK have THE MOST EXPENSIVE electricity prices in the Western world ( Probably the World) And the cause- Flaky unreliable Renewables ! We need to DRILL BABY DRILL : )
I'm not sure where you're getting this information but here in the UK we are still paying double the rate what we did prior to the Ukraine war and we as the collective west decided to punish Putin for his imperialist venture by imposing sanctions on Russia. Edit: For those who might be a bit slow, I am of course, being sarcastic by referring to Putin being "imperialistic" and that our sanctions have in any way had a real impact on Russia. 😂
There are other tariffs you can use especially if you have local storage, personally I average around 10p per kWh using storage which is far below the variable rate of around 25p per kWh
We can thank the US for blowing up the Nordstream pipeline and the deindustrialisation of the EU. Yes, Germany, I am referring to you! I am glad we can now pay the US a lot more for LNG and keep the US dollar afloat. Take that Putin!
You mean not buying oil and gas from Russia. You shouldn't be. Those fossil fuels are killing us! If only you had gotten off them years ago you wouldn't be paying so much!
Thanks, don't forget Wales is part of UK as well. Yes those of us with smart meters and smart tariffs ,EVs and home battery,have had a good Christmas here in UK. No coal fired plants left, but we had an outage at a big nuclear plant , virtually zero solar,and still had surplus.
Negative prices means the market is oversupplied and there isnt enough demand or storage available. Every unit of energy generated has a cost, even if it doesn't get used.
The grid is designed for peak load on a duck curve from 4-7pm. I get paid by the utility company who manages the battery storage I have through an active tariff.
A growing number of people in UK can't afford to heat their homes. People wait until weekends to do washing, etc., when energy is half price for a few hours on Saturday and Sunday. So I don't know who these energy prices are falling for, but it's not the majority of citizens in the UK.
This seems off. Renewables are great, but you still need baseload power capacity. Renewable are only one part of a diverse power portfolio that provides redundancy. If you think you only need to rely on renewables, you are flawed.
Bloody he'll, what ever you are sniffing I have to get some. The UK has the most expensive wind in the world. It is priced at the same rate as gas (CH4) so the harder it blows the more it costs us, when it doesn't blow it is still expensive. I'm guessing living on planet Zanusi you get a lot of sunshine.
Yo. 90% of that is probably for fixing wildfire damage. That and clearing up areas in preparation/prevention. There have been reports that wildfires in recent years were because of years of bad maintenance, so they're forcing consumers to pay to get that done now. A grid that's more decentralized with many more smaller renewable power stations might be more flexible and able to survive damage to those main power lines out in the middle of nowhere.
The grid engineers realise now that baseline is not such a big deal. Buy sliders a concept related to old style, fixed output, coal or nuclear power stations. When grid solar is so cheap as is the case in Australia, The cheapest power has to be dispatched first, by regulation. Solar power and wind is roughly 70% of the daytime energy generation now. For nuclear to work it has to be run at maximum capacity to be economic. So the engineering and economic wisdom says that nuclear is a very poor fit for Australia.
You're talking about the spot price? Which determines the wholesale price and then there are the network charges. The retail price is already predetermined so the consumer doesn't receive the benefit. Negative spot prices occur when generators are willing to pay their way into the bid stack to ensure their energy is dispatched.
Ontario Canada here and my electricity is around 15 cents per kwh during the day and 7.5 cents kwh at night, 7pm till 7 am so I cook and do laundry after 7pm. I thought we had it rough but I see many have it far worse.
We wash solar farms and can say the roll out of batteries is huge, the size of solar farms are scaling up as well, in the not to distant future the U.K. will be power rich, I can see U.K. exporting power to the eurozone,
The same has happened in Spain a not so few times this year. Yet to think that because of that when we are all full of renewables it will be next to free is absurd. What company will invest in the infrastructure if there is no financial reward? I would rather predict that when consumption prices are below the threshold of profitable investments in renewables that you will see no further investments are done. Sam, did you invest in your solar system to feed the grid for free and continued paying your normal monthly charges? Did you do it just save the planet?
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I am in England. We have the highest energy prices in the world, - and they are just about to go up again.
Please do more careful research. People can barely pay their electricity bills here in UK.
Where have you been sourcing your information?
Need to be really careful about the statements you make, because they could erode viewers trust in your platform!
@@davidlacey-goodman4711 What you pay isn't what it cost. It's mentioned and explained in the video.
This is the worst video on RUclips. It’s embarrassing. Delete it
It costs more to decommission a nuclear power plant than it does to build the place. And decommissioning takes 40 years or more. That's longer than its productive lifetime.
Yeah, if only the power companies would pass this on to us consumers, our costs stay the same.
Octopus do. Their tariff called Agile changes price every 30mins and often offers free electricity when it is very windy (to avoid paying for curtailment) or when the wholesale price significantly drops
While renewables' marginal cost of production is indeed zero, somebody still must pay for their actual cost -- the panels, the turbines, the batteries, the distribution infrastructure. These are not free. While marginal cost is useful for schedualing purposes -- balancing authorities have used Merit Order functions since the dawn of electrification -- it is by no means the entire story.
I was paid for using electricity for over six hours last week. Octopus Agile does exactly this - adjusts the rate every 30 minutes. All you need is a smart meter and some courage (because there have been a few days where for an hour or so in that day, electricity has peaked at almost £1 per kWh!). Overall, I'm set to save around £400 a year on electricity, and that's without the promise of more cheaper hours/days of electricity to come.
Precisely! That's why it would be great if the government ran the renewables.
@JonathanMorris777 400?
I save that + just time shifting using the batteries and off peak without the solar.
Your figures seem a little low
Are you having a laugh?....... The UK has some of the highest energy prices in the world.
Then what's he talking about? He said renewables provided 50% of energy needs in the UK for last 12 months. What's the real story?
Use your own solar system, and if we ask around, the power company doesn't pass on savings much compared to the far more profits that various companies are making compared to outdated practices for less efficient ways.
I wonder if it is possible that the energy is provided free of charge, but the individuals are responsible for paying for the infrastructure.
He talks about that, looks like you don’t hear him completely. The reason is UK retail pricing policy which doesn’t pass on the benefits. BTW, UK is working on to modify that.
Gas prices are high. But electricy prices are not.
UK has the most expensive electricity in the world.
These huge solar and windfarms have been bought on long term finance and they still need many more batteries so don't expect power prices to drop so soon. The loans have many years to run and infrastructure still needs to be built out and maintained
Plus the existing loans still need paying off.
@@niceguy1947 - their are no 'loans' as such, the cost is based on a _Contract for Differences_ investment basis, the renewable generators and their investors take the construction and operation cost and risk in return for a guaranteed future payment rate that runs for 15 years of generation (with a minimum guranteed strike price). As renewables are much cheaper than other forms of electrical generation this should work out in the end once fossil-fuel generation is off the scene or at least removed from setting the UK's pricing as it does currently. Other than that the cost of operating at the strike price, when it's above the generation price, is covered by a relatively small percentage added to the cost of electricity (a fraction of a penny per kw at renewable rates); in effect a very low rate insurance policy everyone buying electricity pays into against the risk of prices dropping to far for the generators to get an predefined and agreed return on their investment.
Once you factor in the cost of inflation over the 15 year term, this actually comes out as a very cheap way to drive renewable growth. Requiring much lower intitial seed capital than it would have otherwise cost the UK tax payer to transition away from expensive fossil-fuel generation.
Retail.
@@chrismorrison1955 No surprises there. Ditto petrol.
Germany, Belgium, Denmark, Ireland and Italy all have higher priced electricity than the UK, with Italy suffering the most expensive electricity prices in the world.
I am in the U.K., and live on my own. My bill is £200 a month. The Energy "Suppliers" are making a killing here. They don't call it "Rip Of Britain" for nothing.
I live on my own in Britain, and my bills are £95 a month - and that includes the electric costs for working from home. I would change your supplier
@@hb4541 ha, and I thought electricity was expensive here in New England!
You might want to get that looked at, mine about £100pcm and i have an EV.
How about insulating your property ?
@@jimofthehill
Who are u with cos Im not finding OVO much use
What are you smoking? Can I get some, please?
UK electricity prices are higher than ever before, and rapidly increasing!
The UK consumer price, unless your on an Agile style tariff, is determined by the most expensive generating source at any point in time even if that source is providing only 1% of electricity being used, this happens to be natural gas generation electricity most of the time. The renewable energy suppliers, as well as the OFGEM regulator, are seeking for this antiquated way of pricing electricity to be changed to one that allows the lower cost of renewable generated electricity to be passed onto more consumers.
Perhaps all that radiation coming off his solar panels is baking his brain? Just look at his hair!
@@NoiserToo yep climate change is nonsense, if so than stop going to the doctors because the cures they provide are discovered by scientists and all scientists say climate change is real.
...and UK electricity generation companies are making higher profits than any other companies in British history. HMM, I WONDER IF RENEWABLES ARE TOO EXPENSIVE, OR WE'RE JUST BEING RIPPED OFF. It's a complete mystery.
Sven, eat more fruit and vegetables.
It's so good over here in the UK, we are blessed with the highest electricity prices in the developed world!
Agile tariff all Autumn has been expensive in UK, little wind and a lot of cloud. Today agile tariff 10p not expensive but makes up a little for the resent expense.
@@waltermcphee3787 It says a lot when pensioners die out of fear to put their heating on, electricity is too expensive regardless of what the cost is to suppliers, the reductions are only passed on to customers in the summertime when demand is low.
Before you say things like "Energy prices fall below zero" in UK, you should call up your friends in UK and ask them how much they are paying for their energy this December. My sister's bill is over £1000/- for her 4 bedroom house. Somehow, I don't think that is "below zero
£1000 a year is outrageous, I live in Australia and even with a aircon pumping and a 1500w pool pump on 6hrs a day our bill is virtually nothing with solar.
@Piecenotwar A year?. She wished.. It is her December bill alone!
@@hclau218 Huh 🤔
@@hclau218 £1000 for December alone?
@Piecenotwar That is why I get cheesed off when "know nothing" people goes around saying "free energy" or "below zero" energy!
Electricity prices here are the highest in the world and all manufacturing is closing down! I can't afford to put the heating on at all as electricity accounts for 10 % of my income. Can you explain Mr Viking as I would love zero energy costs passed onto me!
A lot of stupid talk. zero electric cost. Now my toaster will produce coins.
But don’t reach in to get them or your hair will end up like Sam’s
Bitcoin is the biggest SCAM on Earth & also a Fiat System!🤩
Look up Octopus Agile, i'll be charging my car tomorrow morning and getting PAID to do so, negative energy tonight. Nothing stupid about that. I could quite literally run heaters in the garden and get paid for that too, now that IS stupid in the grand scheme of things but I would get paid for that. Hardly worth using a toaster, it would need continually resetting.
@@djtaylorutube The price can spike too, up to £1/kwh. Also you've signed up to their admission of occasional unreliability.
@briantitchener4829 Yes it can and that's why having a storage battery helps. Even so, averaging over the year without a battery it's still far below the capped rate.
For me even lower.
The £1 rate was hit for a mere few hours, no real drama, it's all about averages, not point prices.
Where are you getting your information from??? I live here and they have gone up.
The wholesale price of electricity in the UK is set by the most expensive energy source, which is gas, so that decides how much we pay. Even if gas were cheap I’ve a feeling the energy companies would still charge through the roof!
Sorry Sam, but you are completely wrong about the UK electricity prices. The price of electricity is set by the highest demand nationally and does not consider the regional variations. UK prices are 4x times higher now than in 2022.
Where do you get you news from, the long term in the UK looks good, but yes shorter term is more expensive
that because UK prices its energy based on the most expensive source not on the average.
@JamesKerr-z4o - I think the OP is talking about the disconnect in the consumer electricity priceing framework currently, that the green energy providers are pushing the government to change to introduce regional (sub-UK nation level) regionallity. The current consumer pricing framework bases the metered consumer charging price on the most expensive electricity generating source in that timeframe (even if it only generated 1% of the energy in that timeframe), which just happens to be natural gas (particularly for single cycle turbine gas generators used in peaker plants).
@GruffSillyGoat I agree, but at some point, maybe 2035 maybe 95% of electricity will be simply fixed costs. Once solar panels or wind farms are established then there will finally be some competition between fossil fuel and green tech. The market may be disrupted but fusion, but this has been 10 years away since the 1990s, so who knows
@GruffSillyGoat If I owned a natural gas peaker plant I would be looking to begin a conversion to batteries. Perhaps they are waiting for batteries to drop lower still.
I don’t know where you get your information from but it’s 100% wrong. Uk electricity is the most expensive in Europe. My bills are going up and up. We are currently building Hinkley C a nuclear power plant. We are planning to build another.
In that case (in the UK) then why has home electrical energy prices near enough TREBLED in the last decade?????And with that more than DOUBLED in the last 4yrs alone.....Theres holes in your story......
I think we should notify Germany how great they are doing since moving over to renewable energy.
Maybe you notify them as you seem to know so much about it....
In 2023, 77% of Germany’s electricity production was from fossil fuels. So no, they have not moved over to renewables.
Maybe they should and then they would be doing better?
@@copaloadofthissure, I'll provide them with this bit of pre-admission:
ruclips.net/user/shortsFVbEoZXhCrM?si=O8kU5G_C410Pxa9y
I live in germany we were actually doing good. Germany imports 100% of its fossil fuels , replacing them with renewable is a net positive for Germany. Our problems are more realted to sectors where gas cannot be replaced , like metal working . You cannot replace gas in metal industry as the temperatures needed are often higher what the electric furnace can offer without melting itself. Also our massive chemical industry used russian gas as raw material and not fuel. Millions of people are involved in the industry of converting gas in to fibre glass, contact lenses, paint, faux leather, faux fur, plastic, fertilizer, lip sticks, tyres , medicines, jeans etc the list is endless. now that cheap gas is gone due to sanctions on russia , but China is still getting it, USA has its own cheap gas, so hundreds of german products are suddenly uncompetative .
And after closing their nuclear plants. Crazy decision. Sam needs to show more research savvy commentary on energy
Hi Sam, greetings from the U.K. I have to agree with other comments here, the price of electricity to consumers is extremely high in the U.K. at the moment. Now the generation companies may well be seeing their COST to generate fall to near zero at certain times, but the PRICE of this electricity is eye watering to us consumers. Our government, the previous Tory one, and the newer Labour one HAVE DONE NOTHING to prevent these ripoff PRICES to consumers, the people of the U.K. are furious about the energy PRICES here in the U.K.
green energy is more expensive by far, just the facts don't hate the messenger.
@@simonreeves2017 He is talking about hourly prices. They sometimes go negative when there's a lot of green energy.
He’s not talking about energy prices for consumers, folks. There is a closed market in the UK for electricity where the grid price is controlled to ensure profit, shareholder dividends, CEO bonuses, reinvestment, etc. The UK consumer is being stiffed by OfGen which governs the market. It’s not fit for purpose. Nationalise the power companies, integrate them and manage the price to ensure a lower consumer price and the government will be congratulated. All public utilities should be owned by the population/government not just a small group of foreign investors/owners skimming off the top at the insane cost to consumers.
THIS 1000X!
unfortunately, we all know that the government would most likely steal all the profits for their pensions
the sad reality is this stuff isn't free, the reason it looks like it is because its subsidized to all hell and while so called non renewables are taxed into oblivion.
if the free market was actually free the non renewable stuff would be a lot more free than the so called renewables would ever be, stuff breaks down batteries need to be replaced,
you'll see this stuff is going to be insanely expensive, its not a pipe and a match, this is high tech stuff that will be breaking and needing constant repairs.
@@youtubeshadowbannedmylasta2629
Out of touch with reality. Fossil fuels get ginormous subsidies -- amounting to SEVEN $TRILLION per year, according to IMF. And even without the IMF's thorough accounting for externalities, other estimates are in excess of 1 $trillion per year. So no, the "free market" would have to internalize those $trillions into the price.
@@alan2102X lol, sure they are, not going to get into it, I don't care what fart sniffers believe.
We have super massive energy bills WTF
Uk power price 24.5 pence per kw. Thats far from free.
Blame natural gas and the distorted way the UK's consumer electricity pricing framework works.
Depends on your tariff if you are on the standard variable then yes you will pay that fixed price, I average around 10p per kWh with battery storage on a peak/off-peak tariff, you also can have tracker tariffs like octopus agile that do go negative and pay you to use energy but at the cost of going well above standard at peak times but if you have battery storage you charge up when its cheep or get paid to charge up if it goes negative and then use that energy to run the house when prices rise at peak times.
@@Pokersmith You really don't understand what he is talking about?....
Octopus Agile going negative rates tomorrow morning, getting paid to charge my car again. Don't assume everyone is on the same tariff paying the same price!
Plus daily standing charge!
If you sign up to Octopus you can choose a tarif that reflects the hour by hour market price of electricity. This can and often does go negative.
On a standard tariff the price is set by the price of gas which is still very high.
@@Alantj22 exactly. You're one of the few that understands. Pretty shocking to see the comment section.
@zotter2542 If so brilliant, why doesn't Ofgem offer that advice? Why doesn't the government mandate consumers to switch to using Octopus' tariffs? Nut Zero is a scam.
Rubbish. I live in the UK and energy prices, especially electricity, are the highest ever. Sure, there may be the odd low demand moment when electricity prices dip. But look at energy costs around Europe, same high prices everywhere there is a net zero objective. Look at Germany...since USA blew up Nordstream and removed cheap gas - and they closed all their nuclear power plants - they have been in serious decline with Volkswagen, BASF, Meile etc etc saying they will close plants due to sky high energy costs. Yet in the USA and China, fossil fuel energy is 20% of the European price. If you want industry (not services) you need cheap energy. Europe doesn't have it. And as we in the UK learned at our biggest wind farms....sometimes the wind doesn't blow for at least 7 days. Ouch....fire up the hydrocarbon plants which you need as backup.
YOU ARE DREAMING MATE!
and when the dream ends he's gonna be big big mad, free the supposed free market and see how much this free energy costs then.
@@thehobo54 And you don't understand what him. Not once did you think about hourly prices.
No he is spot on.
@@mbak7801 You are obviously deluded. Elecricity Bills are very high UK-wide. They will never come down significantly. We're being scammed.
Absolutely laughable. I'm paying nearly £200 per month for electricity and gas.
I would suggest 99.9% of this video is NOT from the UK.
Or the idiot speaking is talking pish
Renewable electricity wholesale price is low. Price to the consumer is high. Electricity companies are making all-time record profits. Think about it.
..and more, nearer £400 for my old single glazed bungalow. Add in Council Tax and my pension is gone....
@@BittermanAndy what if you take off the subsidies and remove the taxes on so called non renewables?
what would the prices be then?
@@youtubeshadowbannedmylasta2629 you mean, make the oil companies pay for disposal of exhausted oil rigs instead of governments doing it for them, and charging them for the harm they do to the environment and healthcare bills caused by pollution, things like that? Prices would be much, much higher. But good try, you nearly avoid the "energy companies making record profits" point apart from completely failing to avoid it.
We are paying through the nose for green energy,
@electricviking your videos are generally good but seriously mate this one is absolutely ridiculous 🤦🤣
@@V4HE I have an hourly contract. Prices do go negative sometimes. That's what he means. It's not that hard to figure out
I know exactly what he means. The video is completely misleading. The video attributes this occasional negative pricing solely to renewables which is quite frankly laughable, and conveniently fails to mention that this shift has also resulted in the UK having some of if not the highest energy cost per unit in the world. There is also conveniently no mention of the UK Government's massive expansion of nuclear power - the biggest in 70 years - the Government are by the way doing this because solar and wind are not panning out to be so cheap and reliable after all...
@V4HE Ok you have just shown that you are politicized on this subject. I wish you the best in your bubble.
here is hoping UK won't dump their nuclear waste in African countries like France did (Chad and Niger)
who is giving you the data for your recent videos pal? Sack them dude.
Sorry Sam ole buddy. I am ROTGLMAO over this podcast. The California mandate to use renewables has resulted in the cost of electricity increasing 3 and sometimes 4 x the national average. In the summer California residences find that charging their EVs can cost more than filling their ICE cars. Have you read about the rolling black outs in California caused by the lack of reliable fossil fuel power? If you have rolling blackouts prices increase during peak use to make people stop using electricity. And that includes charging the EV. People in California now are paying $800 to $1200 a month for their power bill in the summer when they were paying $150 to $250 a month .
This mainly comes down to greedy scamming power companies. Do you really think power would be cheaper using coal, gas or nuclear. What a load of crap charging your EV could be more costly than filling, never stop hearing how expensive gas is, this is the main reason Joe Biden got voted out, because of the price of gas, now for some reason people don't care because Trump has been voted in.
@@danielduggan7126 Sam has pointed out many many times, batteries are a necessary part of the transition to clean power. You are paying more because the government punishes us with tariffs, in order to prop up the dying fossil fuel oligarchs. If we were able to purchase wind, solar and battery direct from China in large quantities, the price would be much cheaper and we would have much lower electricity prices…assuming we cut out the middlemen.
Just build your own solar power house with battery . You will have 25 years of FREE energy ! Logically if breakeven in 5 years without tariffs😢
@@danielduggan7126 The fact is that China, with the one of the highest fractions of solar generation attached to their grid, has MUCH lower prices than the great majority of other places. I know this for a fact because I just looked it up and downloaded a list of cost per KWh of juice in 150 different countries. It is quite an interesting list! From lowest to highest varies by 50X! Yes, 50X!
A few weeks ago the channel Inside China Business had a video about China's low energy prices, with analysis of the causes. High fraction of renewables generation was one reason, but there were a few others. That channel btw is excellent and a must-listen (and if you've never been there, a must-binge-watch at least 6 months back!).
Haven’t had rolling blackouts in California in years. With the battery storage California has installed and solar installed, we only get blackouts to prevent fires in high wind conditions now. AI and crypto are gobbling up more power now and we may be in trouble in the future if we don’t keep up with demand. In 2016 we installed solar to blunt the crazy prices we were paying during the summer. We lease our system for a fraction of what we were paying SDG&E for electricity and every year we get a refund from the extra electricity we produce. During public safety shut offs for wind, our battery back up covers all our needs at night. While neighbors turn on generators or sit in the dark, we have power.
There are ways individuals can help solve these problems.
When did this happen? ecause i remember recently seeing people in England complaining about high utilities prices. Can you site some sources?
I'm from the UK and it's just gone up. We have a lot of clouds and no wind which made us import more. We can't store energy due to it being too expensive.
That's because the highest cost energy generation at each of the 30 minute metering points drives the price to the consumer, even if it only produced 1% of the energy in that time frame. As gas turbines are the most expensive source, particularly single cycle gas peaker plant, they set the price the majority of the time. This is what drives the consumer price in the UK and why it's so sensitive to the price of natural gas. If one is on an Agile tariff though, one that charges at the underlying wholesale rate, then one would see these negative swings, where the tariffs pays the consumer to take energy off the grid. Many of the green energy suppliers are pushing for the government to change this setup, so that regions of the country with high renewable generation and usage pay less.
The reason the UK import more nowdays is the UK's grid is diversifying as part of the pan-European grid, with more country to country interconnects now present. One way to reduce the impact of the cost of natural gas is to import electricity from another country, particularly one with high renewable generation (such as from Norway's hyro-electricity) or zero carbon (France's nuclear-electricity). The UK also exports more electrical energy than before, particularly at time of high renewable generation, which lowers the cost of imports and in some recent years has been a nett exporter of energy over the year.
Further, if considering imports one needs to factor in the 60% of natural gas imported to the UK and the high cost of such, compared to the much lower cost of electricity imports and homegrown renewable generation.
Most currently just pay a fixed unit cost based on the most expensive form of generation on the grid (currently gas) so while its true the wholesale price does go negative this isn't passed on the the end user unless they are on a tracker tariff like agile from octopus that goes up and down throughout the day but you really need battery storage to make the most of a tariff like that.
If the whole sale price is zero in the middle of the day and you are being charged more. Then who is the villain 🤔 Renewables or your retailer?
The government for price capping
The UK unit price is set by gas. The last and most expensive gas power station to come online sets the price for all of our electricity. It used to be logical as gas was the primary power source.
It's now ridiculous as renewables have overtaken gas.
The way electricity is priced needs to change.
@@jhunt5578The price CAP formula needs to be changed urgently! Everyone should be protesting about this in the UK!
The wind generators get paid via a contract for difference CfD and that has to be paid somehow by the customer or taxpayer. So this low or negative marginal price is a result of overbuilding wind. There are plenty of times when the wind generators are paid not to generate due either to excess supply or transmission constraints.
Most homes in the UK still heat with natural gas.
This has to change to electric heat pumps.... which will drive up electricity demand. Therefore the negative energy prices are temporary until the shift to heat pumps has been accomplished.
So the UK actually has a long way to go before it has installed enough renewables and batteries. The battery estimates are for the current situation. They will need much more once homes use electricity for heating.
The UK has a renewable generation pipeline in place that is designed to ramp ahead of the projected demand increases, including those from heat-pumps. The cost for this capacity is performed by a financial device call _Contract for Differences,_ whereby the energy generators bid to construct renewable capacity that is paid at an agreed per MW rate (upto a contractual maximum rate) once generating typically for a period of 15 years. The suppliers and their investors fund the design, constructions and operation of the renewable sites via these contracts, assuming the implementation risks. The UK consumer then pays for the energy plus a small % on top to fund the contract for differences in their everyday electric tariff.
Even with these contract obligation built in the electricity price, it is expected the prices will eventually drop once fossil-fuel generation is displaced (or the consumer pricing framework is changed so as not to base the cost of electricity on the highest cost generation - which is natural gas).
In terms of battery projects, there are 860 grid scale projects in the pipeline in the UK, either in construction, about to start construction or undergoing design.
@ Sweet! Thanks for this info! I do not live in the UK and was unaware of their foresight in this. Sounds like they know what they are doing.
I'm not too sure about the US utilities as there is no central authority. Each utility is regulated by their state government as well as at the county level. A real mishmash of differing ideas, needs, and regulations.
@GruffSillyGoat I'm also very keen to see what Octopus does if it can launch the Renault 5 EV next year with a V2G plan. It still needs regulator approval, but one day all those EVs parked up could be helping balance the load when otherwise doing nothing. Just think of how much battery capacity there will be sitting dormant (given a car is often parked up for the vast majority of any given day).
@@JonathanMorris777 - I'm hoping Kia/Hyundai will switch on V2G via n update as well when this happens. They're already involved in trials of "AC V2G" (V2VNY project) with one of the small business "home style" charger equipment suppliers, who's charger acts as a V2L load (although only at 3.6kW, or 7kW with two cars) that synchronises and merging the car's AC output with mains feed into the house/business.
How do you improve insulation in all those Victorian houses? Even with heat pumps you will consume a lot of electrical energy with your old houses lacking thermal insulation.
Sam. Sorry mate, whatever your on…I think we’d all like some… the UK is about as shot as a country could be -
Renewables aren’t financially viable in the UK.
People have to contribute and not expect to get everything handed to them.
To clear things up, the UK's energy pricing system can make renewables appear more expensive due to the marginal cost pricing model. This system sets electricity prices based on the cost of the most expensive energy source used to meet demand, typically gas-fired power plants. As a result, even though renewables like wind and solar are cheaper to produce, their prices are tied to volatile gas prices.
Get a dynamic contract, and you'll understand what he says. Then you'll also see renewables are viable.
I think it's funny how disrespectful you are being while at the same time showing how little you know about renewables. The UK is unique in how much wind it has and you can see its potential for cheap electricity for industry when you see the hourly prices. I had negative prices many times this year.
Appears it’s true what’s said about the Green brigade - all I’ve said is the truth - yet I’m told ‘I’m’ the disrespectful one.
For the last week I’ve had grey skys and no wind. I’m speaking personally - renewables don’t work. Period.
The DC fast charger rates in UK are criminally high. Obscene really. Must be huge profit gouging. I guess the charging infrastructure needs more volume and competition.
Glad to see your championing profits for UK Energy Companies.
Shame the UK Consumers have no access to cheap energy.
Bloke hasnt got a scooby
To clear things up, the UK's energy pricing system can make renewables appear more expensive due to the marginal cost pricing model. This system sets electricity prices based on the cost of the most expensive energy source used to meet demand, typically gas-fired power plants. As a result, even though renewables like wind and solar are cheaper to produce, their prices are tied to volatile gas prices.
@@jhunt5578
Your living in a complete fantasy land !
It doesn't matter how many renewables get put in place, profits have to be made, together with the infrastructure and maintenance costs pwer prices are always going to be exorbitant unless it is fully taken over by the Government, which won't happen.
What a load of crap. Standing charge for electricity is 61.21p per day before you use any energy.
£18 for 30 days. Unit price 23.44p
Gas standing charge 29.81p per day.
Gas per unit cost 6.01p used to be half that cost.
1 month electricity cost £59. Gas 1 month cost £126.
That is from 19th Nov to 9th Dec.
As a uk citizen i can say this is 100% B/S !!!!!
As a UK citizen, I will be charging my car tonight and getting paid for it due to negative priced energy. That makes your statement 100% incorrect I guess? :)
Just a small point but the same applies to Wales as well who are also doing research into wave power. The tides are there twice a day regardless of sun and wind.
A growing trend in the USA is companies penalizing folks with renewables, either through a surcharge or a direct charge for utilizing the grid.
They should. Someone has to pay for the transmission grid and baseload power capacity.
@@briangasser973 The concept of "baseload", in the real world, is becoming progressively redundant. The evolution of smart grids that supply electricity where it is needed, when it is needed, are able to provide much more efficient generation and supply on an as needs basis. The era of running traditional generation plant full time at an intensity required to maintain a minimal level of generation, is comng to an end. That according to the energy sector.
Other than that, yes transmission infrastructure needs to be paid for. We ALL pay for that one way or another. But specifically penalizing a consumer who tends to place less demand on "the grid", seems somewhat dubious in my opinion. It's not even a user pays based business model then. I do however get the dilema at play.
My area has the 2nd highest electricity costs in the US, and they’re going up again through the use of “delivery” charges. These prices negate any savings over powering gasoline vehicles.
@@NoiserToo You can also use gas generators to charge EV's appliances etc...
@@PyroShields- wait, charge my car with a gas generator? Why not just fill it up at the gas station?
So, if electricity will be so cheap what is my motivation to buy my own solar panels?
If your retailer passes on those savings to you, then none. In Australia customers hate the energy companies even more than you do, hence solar.
Focus on renewables has made our energy prices the most expensive in the world. Perhaps at some point the wind blows and the sun shines, but I can assure you we're not paying negative prices on our energy bills.
Hi Christine, I live in Oxford U.K., I totally get where you’re coming from, because energy costs are ridiculous here in the U.K. However, we have to be careful about where the blame lies for this. I don’t think it’s the shift to renewable sources, more that our governments (Labour and Tory) and the regulator (OfGen) are allowing the British people to be completely ripped off by the energy companies, who have been making billions over the last 2+ years. Government needs to step in and actually act for the British people they are supposed to represent, and not for the energy companies. It’s a travesty!
No subsidies to fossil fuel companies has done that. Renewables are cheap but used to provide those subsidies.
The electric companies will find a way to charge customers high prices even if the generated electricity is virtually free. This will most likely be through a "upgrading the electrical infrastructure" excuse like the rail companies have done for the last 30 years in the UK
Yes this is the UK's problem.
1000% agree, it could rain money and they'd find a way to charge you. Free is an opportunity to make more money.
Its already in place , They call it standing charge , I call it stand and deliver .
The same thing is happening in Australia, companies that are setting up solar and wind farms are going directly to the national grid, where the money is, a lot of the rural towns that are close to these energy farms are just bypassed and have to pay the rate set by the NEM (National Energy Market)
Broken Hill, a town of 20,000 people has a wind farm just out of town that can power over 100,000 homes, and AGL who owns it, has a line directly to the Broken Hill sub station, and have stated that they can power the town with their wind farm.
But, recently, when national grid transmission lines went down close to Broken Hill, in a storm, the whole town blacked out for a week or so, it was then revealed that they just didn't bother to set up the systems required at the substation to run Broken Hill directly from the wind farm, it was a 'mistake' they said........
This is BAD news. It means that not only is there not enough demand for wind power, but that its generation has started to cause economic harm. Any "product" which the market attaches a negative price to is usually called "waste". Negative prices for wind energy indicate that the market views it as essentially waste and that it cannot be used in any productive way (and in fact, even worse, causes additional costs). This does not mean that you have achieved cheap energy for the economy at large (case in point: the incredibly high energy prices in the UK), it simply means that installing more wind energy generation is increasingly useless. The point is that households, infrastructure and industry all require energy that is available WHEN NEEDED.
Imagine that you multiplied wind power generation in the UK by another factor of 10. Then whenever there is any wind, almost all of that additional power generation needs to be shut off to prevent an overload of the grid. Meanwhile, when there is no wind, there is no wind power regardless of how much generation you have installed. The end result is that on paper you get permanently negative prices of wind power while the real cost of energy continues to rise and and a majority of the newly installed wind mills does nothing at all. The "real" cost of wind power, as far as it can be used ecnomically, only becomes visible when and if you take into account the cost of storage systems that would be sufficiently large in order to make it reliably available all year round. THAT cost is prohibitively high and dwarves the cost of the energy generators themselves.
My tariff (in Uk) gives me free electricity on a Sunday if I can make a saving on Monday to Friday peak time, 4pm to 7pm.
Good for charging the car, doing washing etc. It's quite easy to achieve it you go to the pub early evening. Mind you the beer is costing me a fortune.
Everyone has to make sacrifices..!
Wouldn't it be good to have home battery then? Charge on sunday, and use it up on other days.
Have you ever heard about " MoonShining "? That will drop the beer cost and you can sell the leftover to your friends 🥰🥰
@@rtbear674 I do. Charge at 6.67p at night and discharge when at 23.3p during the day.
Well, that already happened in NH USA. When a huge nuc plant was to be built the promise was, once it was built after years of construction delays and a huge cost increase our bills went way up. And still NH has some of the most expensive electricity in America. And our Republican g0vernor Sununu and fellow party members have pushed hard against renewables. So much so a few years ago when the state was upgrading a highway rest area and were to put in EV chargers. Republican legislators saying "Web don't want those kind of people at our rest areas." So, the station was moved nearly offsite and is difficult to find.
Here in sunny CT we have the second highest electricity bills in the country… our EV‘s are powered by natural gas after we shut down our two nukes. Go figure.
Ha ha, not sure where Sam gets his info from. My electric bills are not anywhere near zero....lol
He is talking about supply not retail.
I think Ed Miliband paid him for this video.
...and electricity companies are making all-time record profits. And you still fail to join the dots.
You're not on a tariff that offers free or even negative price electricity. It's available, i'm on it, just like plenty of others. Other tariffs are available.
Change tariff.
I think this is where I get off of "Sam's crazy train" renewables over nuke? That's just wrong I'm sorry
Not sure what country you are in, but in Australia all of the engineering and scientific bodies related to the grid have demonstrated that renewables are about three times cheaper than nuclear and two times cheaper than coal.
Nuclear would inevitably lead to more expensive electricity
@@guringai Spot on, this nuclear crap needs to be put to bed, it's a complete joke.
@@commonsense-grsabsolutely, it’s stupid expensive and that’s when they fiddle the figures. Factor in decommission ing and it’s crazy
Of you get then, don't come back 🎉
What are you sorry about?
If your uneducated opinion doesn't match established facts of the CSIRO & grid design engineers, see that as an opportunity to fill in your knowledge gap.
Yep, with Amber wholesale Energy in Australia I’ve already been paid to charge my home battery and EV.
Prices of power below zero cause power producers that can produce power when renewables can't to go out business. The other problem is renewables produce power that cuts out causing industry to spent money on back-up systems. Actually allot more money than nuclear would cost.
270K subscribers before the the end of the year 🎉. Have a great new year! Suddenly 500K doesn't seem far fetched at all ❤❤❤
Free power is on the Octopus Agile tariff, tomorrow night they are paying us to use power 22:30 - 23:00 -4.62p/kWh
We have to import huge amounts of electricity from France when the wind doesn’t blow. Electricity from France is mainly from nuclear
They already selling it to Germany
What utter tosh the UK has the highest electricity prices globally at 25.46 pence per kWh in 2024, significantly exceeding the rates in any other European country
Ireland, Italy and Denmark are higher. UK gas is 20% cheaper than the EU average
My off peak rate is 6.67p per KWh. Peak is 23.3p. A time shift battery makes over 60% off all power off peak. Six months of the year solar feed in tariff gives negative energy bills. You could do so much more.
The reason ancestors moved . . .what were they in for?
The oil and gas fields off Scotland provided little benefit to the people of the U.K. as the fields were sold off (unlike Norway) if you think that the people of the U.K. will benefit from cheap energy it will definitely be a miracle.
You been sniffing batteries?
Sam Mate, you have missed a big point that Tony Seba gave us, any generation unit be it coal, gas, oil or nuclear all have to have a row of cooling towers to get rid of excess heat which is just like many hundred dollar bills floating into and heating the earth totally wasted and reducing efficiency just like an ICE car with a radiator reducing efficiency to 20% with electric cars at 60%
Stick that in'm, go hard Mate!
The electricity is free. You’re paying the capital cost of building the renewable infrastructure.
SAM! I love watching your show but England has the highest energy prices in Europe. Midday solar production cost may be low but Energy cost to the consumer is very high. Spinning it some other way is misleading. Please tell us how much was your solar panel setup and how long to pay it off? It’s NOT free energy!
I think you have a retail problem. Solar doesn't take long to pay off. The energy is then free.
The UK is the fourth highest in Europe
If infrastructure of current systems are still in place and still need to be built or maintained thats probably 80% of what your paying for that applies across the planet
The trouble is, it's been cloudy, wet and calm for several days now. What are we supposed to use when the weather doesn't suit renewables?
The UK's household electric price is one of the most expensive in the world. Only in Italy, Ireland, Denmark, Germany and Belgium, is it more expensive.
In the UK, it will take more than five years to build a battery storage facility, it took over ten years longer to build a nuclear power plant than the industry average.The cost of batteries might be going down, but the cost of getting a facility through the inquiry and planning procedures is only going up.
Just one correction to your video. The sun is always shining, if it wasn't, we'd be in big trouble, it's just that we aren't always facing it.
Sam are you kidding, you can't be this uninformed. We have the second highest energy cost in Europe and one of the most expensive globally. The idea that we could ever have energy so cheap it would be almost free is absurd. If this is what you think we'll you are utterly wrong.
Good for the UK! I hope all these data centers can use this power instead of fossil fuels!
About sixteen years ago the UK generated power without the use of coal for the first time in over two hundred years. It was only for a few hours. Look how far the UK has come in such a short pace of time.
Renewable are meeting the promises that Nuclear promised. Power that is too cheap to meter.
My solar has given me zero electric bills for 20 years.
That is what people in Texas believed, until a winter storm shot the wholesale price through the roof.
@@briangasser973those with battery systems still had power.
You can also run a house off an EV for a number of days if you have the tech installed.
So you're not connected to the grid?
How much was your install and whole life costs, including maintenance and disposal?
The german magazine Zeit shows a diagram with the energy amount that is made with coal, gas, wind, solar, biomass and else. Windenergy sometimes reaches above 60% with a maximum of 71% but some days, sun and wind together are only 6%. That is the problem with all renewables. You need a 100% back up every hour of the day all year long. And that back up must be payed as well, so renewables are never below zero.
Hi! As a UK resident writing this in late December 2024, I need to clarify the UK electricity position. We currently have the most expensive electricity in Europe and probably anywhere in the world.
As you rightly say, if we went renewables, we could flip this. The problem is, politicians. We have just had 14 years of Conservative (right-wing) government who were anti-green energy and were in the grip of the oil lobby. Hard to believe given the possibilities, but true and this has led to our over reliance on imported energy from Russia (now cut off!) and fossil fuels.
A second problem is poor regulation of energy companies and the linking of gas prices to the price of electricity. With a recent change to a more foreword thinking Labour government things are looking more positive, but even now the adoption of EVs is being slowed by inflexible quota systems for manufacturers/retailers and a new annual vehicle tax for EV drivers from April 2025. Thanks.
Come to Jamaica, man🥰🥰
Your in gag land
@@anthonywoolley7389 Damn right!👍
Totally incorrect,we subsidise renewables through our bills, we import gas and wood pellets from abroad. Renewables are not Green. We have zero coverage from renewables for large time periods
@tabathv1 Nonsense.
Marginal costing mechanisms have artificially inflated the cost of British electricity. The last 1% if generated at a gas powered power station, is the rate for 100% of the bill. The reason excess profits are being made in the uk is because ofgem is powerless, and energy companies are exploiting this. Non of the benefit of cheap generation are passed onto the consumer.
"You won't even consider it an expense".
Like "ProLifers" now, as Pollution Kills More People Than... Anything.
Scotland produces more renuable elec than we use but irs more expensive than england. this is just another reason we want out the UK.
Here's an interesting point for the nuclear fanatics in Australia: Australia has electricity price at 0.26 $US/kilowatt-hr; France (with its govt. owned nuclear) has it at 0.3 $US/kilowatt-hr; and the UK has electricity prices at 0.35 $US/kilowatt-hr. So much for the myth that nuclear energy is cheaper than green renewables! 😂
The .26 is mainly gas and coal. We have to get rid of that.
29.96 $US here in sunny New England…after we shut down our two nukes. Our EV‘s basically run on natural gas with no relief in sight.
@@jimgraham6722 In Australia, 39.4% was renewable generation in 2024. 8GW of new large-scale renewable generation capacity was added to the grid in 2023, and 56,000 new battery storage units were added to the grid in 2023.
France sell it's electricity to Germany...
Also included in the electrity costs are the salary, perks and 58 year old pensions from EDF fatty and numerous employees. EDF is a state owned provider, one of the remnant of communist France 😏
You remove all that and electricity is nearly free mate 🤷♂️
Get some information please.
I lived in Ausi for half my life and did manual cane cutting in the late 60's and all the other hot jobs it seems. I can assure you there is PLENTY of Sun, and LAND, to produce as much electricity as you could ever wish for. I used to drive for hours along roads, not that far inland and close to civilization, that could accommodate solar farms and batteries that you would never even see from the road. Elon said years ago, that if he built a solar farm in the Ausi desert 25km x 25km it could power the whole world during a sunny day. He was just getting across the point that there is not exactly a shortage of land to install this stuff, AND importantly you do not need that much area in actual reality to supply all the electricity you require. To test it out, I got a map of Ausi and drew this square to scale, from a few meters away I could barely see it! Puts everything into perspective, that is for sure. They keep talking about baseload nuclear in Ausi, and that may have been true a decade ago, but things have progressed so much since then, by the time they get the first one installed ( no time line as yet) it will be obsolete and too expensive in comparison to renewables. Also renewables can be financed by private enterprise because it is relatively cheap to install, nuclear will have to be paid for by the government, because it is in the multi billions.
I normally love The Electric Viking, but I didn't realize he was also such a good comedian.
And not only is this happening in good ole sunny England, but it is also being done through great reluctance to engage!
If only someone could have predicted this decades ago... geezes!
Right! Ironic to Mars and beyond. The world is completely screwed right now. BRAINWASHED
Amazing that i heard this about the last four quater's of this years green electricity "from down under",and i live here.2030 is an exciting prospect here now,thanks
Are You talking about THE correct country ? We here in the UK have THE MOST EXPENSIVE electricity prices in the Western world ( Probably the World)
And the cause- Flaky unreliable Renewables ! We need to DRILL BABY DRILL : )
Perhaps they should adopt "regional pricing", like Greg Jackson has been saying for some time.
Watch some video to understand the concept.
Think about the tens of billions of dollars spent on fusion projects such as ITER. We already have fusion power... collected with solar panels.
UK has endless wind though 😂and if anyone invents rain-power, UK will be global capital haha
Rain power = hydro and yes we have some of that as well
I'm not sure where you're getting this information but here in the UK we are still paying double the rate what we did prior to the Ukraine war and we as the collective west decided to punish Putin for his imperialist venture by imposing sanctions on Russia.
Edit: For those who might be a bit slow, I am of course, being sarcastic by referring to Putin being "imperialistic" and that our sanctions have in any way had a real impact on Russia. 😂
There are other tariffs you can use especially if you have local storage, personally I average around 10p per kWh using storage which is far below the variable rate of around 25p per kWh
We can thank the US for blowing up the Nordstream pipeline and the deindustrialisation of the EU. Yes, Germany, I am referring to you!
I am glad we can now pay the US a lot more for LNG and keep the US dollar afloat.
Take that Putin!
You mean not buying oil and gas from Russia. You shouldn't be. Those fossil fuels are killing us! If only you had gotten off them years ago you wouldn't be paying so much!
Thanks, don't forget Wales is part of UK as well. Yes those of us with smart meters and smart tariffs ,EVs and home battery,have had a good Christmas here in UK. No coal fired plants left, but we had an outage at a big nuclear plant , virtually zero solar,and still had surplus.
Negative prices means the market is oversupplied and there isnt enough demand or storage available. Every unit of energy generated has a cost, even if it doesn't get used.
The grid is designed for peak load on a duck curve from 4-7pm.
I get paid by the utility company who manages the battery storage I have through an active tariff.
A growing number of people in UK can't afford to heat their homes. People wait until weekends to do washing, etc., when energy is half price for a few hours on Saturday and Sunday. So I don't know who these energy prices are falling for, but it's not the majority of citizens in the UK.
You are on a bad tariff.
@@mbak7801 Incorrect.
This seems off. Renewables are great, but you still need baseload power capacity. Renewable are only one part of a diverse power portfolio that provides redundancy. If you think you only need to rely on renewables, you are flawed.
No baseload is all about industry not the consumer. In fact the main problem consumers face is the subsidy given to industry that they pay.
Must remember not to watch this site again
Bloody he'll, what ever you are sniffing I have to get some. The UK has the most expensive wind in the world. It is priced at the same rate as gas (CH4) so the harder it blows the more it costs us, when it doesn't blow it is still expensive. I'm guessing living on planet Zanusi you get a lot of sunshine.
IN CALIFORNIA ELECTRIC WAS 25 CENTS FIVE YEARS AGO. NOW 40 TO 50 CENTS PER KW WITH SOLOR AND WIND ADDED
I know a Californian who went 90% solar and dropped his electric bill 83%.
Have the gas prices gone actually down?
Network costs and retailer profits are a big factor
And you forgot to mention the rolling brown outs 😆
Yo. 90% of that is probably for fixing wildfire damage. That and clearing up areas in preparation/prevention. There have been reports that wildfires in recent years were because of years of bad maintenance, so they're forcing consumers to pay to get that done now.
A grid that's more decentralized with many more smaller renewable power stations might be more flexible and able to survive damage to those main power lines out in the middle of nowhere.
At that price how does the required base load power survive
The grid engineers realise now that baseline is not such a big deal.
Buy sliders a concept related to old style, fixed output, coal or nuclear power stations.
When grid solar is so cheap as is the case in Australia, The cheapest power has to be dispatched first, by regulation.
Solar power and wind is roughly 70% of the daytime energy generation now.
For nuclear to work it has to be run at maximum capacity to be economic.
So the engineering and economic wisdom says that nuclear is a very poor fit for Australia.
Propaganda. Just making stuff up now
You're talking about the spot price? Which determines the wholesale price and then there are the network charges. The retail price is already predetermined so the consumer doesn't receive the benefit. Negative spot prices occur when generators are willing to pay their way into the bid stack to ensure their energy is dispatched.
your content has improved a lot!
Thanks! I'm glad you're enjoying it.
Ontario Canada here and my electricity is around 15 cents per kwh during the day and 7.5 cents kwh at night, 7pm till 7 am so I cook and do laundry after 7pm. I thought we had it rough but I see many have it far worse.
15cents is not that expensive
@@polaris1985- 15 cents is half of what I pay in New England! 😆
@@NoiserToo my electricity is free in Delhi upto 200kwh
@ - that’s it, I’m moving there! But seriously, I’m happy for you.
Hit that LIKE button, and get the news out there! Educate those who don't know the facts!
I have read the nest report. 95% green has the battery you quoted, but stil 22GW gas capacity
Was in the UK in September, everyone was complaining about the price of electricity.
Renewables changing the game! Energy prices in the UK dipping below zero shows the power of green energy.
Generators get paid on a half hour (UK) spot price- you pay monthly. That translation costs money.
We wash solar farms and can say the roll out of batteries is huge, the size of solar farms are scaling up as well, in the not to distant future the U.K. will be power rich, I can see U.K. exporting power to the eurozone,
@@markoverton5858 Unfortunately we have no food farms so will import all our food
Uk electricity rates are insanely high. Where are you getting your information from?
The same has happened in Spain a not so few times this year. Yet to think that because of that when we are all full of renewables it will be next to free is absurd. What company will invest in the infrastructure if there is no financial reward? I would rather predict that when consumption prices are below the threshold of profitable investments in renewables that you will see no further investments are done. Sam, did you invest in your solar system to feed the grid for free and continued paying your normal monthly charges? Did you do it just save the planet?
And UHDC too! Can interconnect far-flung areas.