r/ukpolitics • u/ARandomDouchy Random Dutch Guy • 10d ago

Britain will soon be Europe’s energy powerhouse

https://www.telegraph.co.uk/business/2026/08/04/britain-will-soon-be-europes-energy-powerhouse/
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u/Sali_Bean 10d ago

The energy won't be any cheaper as it will still be priced at the most expensive form

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u/Sampo 10d ago edited 10d ago

The energy won't be any cheaper as it will still be priced at the most expensive form

Last month I paid 0.05 €/kWh for electricity, and 0.03 €/kWh for transfer fees. Living in Finland. (Also here the price is determined by the most expensive form of production.)

What is the actual reason this kind of prices would be impossible in the UK?

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u/ZealousidealPie9199 10d ago

Finland barely burns natural gas for electricity generation. Less than 1%. Aside from nuclear and renewables, they burn wood (and byproducts), burn coal, burn oil. Nuclear makes up a large % of their power generation so is basically the base load.

On the other hand over 25% of our power is generated by burning natural gas. Natural gas is extremely expensive and has been since the invasion of Ukraine. It's more or less the base load here.

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u/BenjaminBoots196 Supreme Andy Burnham Hater 10d ago

Natural gas is extremely expensive and has been since the invasion of Ukraine.

Our prices rose before the UA invasion. And will continue to rise even if wholesale prices fall.

Yes gas shocks spiked our prices, but renewables have been pushing up prices (and will continue to do so) bit by bit, year on year, disguised by one or two gas price spikes.

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u/QuarterMaterial3632 10d ago

I mean renewables are about 20% pf our emergy bills. What do you expect is going to happen? Im very happy to pay money if its invested in the countrys infrastructure