On 03/06/2018 21:29, Peter Hill wrote:
On 03-Jun-18 7:52 AM, The Natural Philosopher wrote:
On 03/06/18 06:41, Chris Hogg wrote:
On Sat, 2 Jun 2018 19:35:55 -0000 (UTC), Cursitor Doom
wrote:

On Sat, 02 Jun 2018 11:16:43 +0100, The Natural Philosopher wrote:

Seriously the only way to get electricity prices down is to scrap all
renewables and major on gas and nuclear.

+1

It will be interesting to see, when all the 'pump priming' subsidies
have run their course and renewable kit starts to need renewing, how
many get replaced.

But by then the world may have a different view as to whether 'climate
change' is anything other than a natural phenomenon.

One thing is fer sure. Solar panels and windmills are 90% ineffective
at redcucing CO2 emussions but nuclear power is 90% effecetive.


But nuclear is going to cost 9.2p/Kwh. That's way more than current spot
price.

That's more about the deal the government has done.

Far more sensible for the government to borrow the money (which they can
get at a very low rate and allow the profits from nuclear power to pay
the loan off, with no element of further profit, but EU
finance/competition rules prevented that - there were even concerns that
the government guaranteeing the companies' loans could be called in and
possibly stopped.

Instead we have foreign companies borrowing money at a higher rate and
adding profit on top of their loan repayments, thus needing a high
strike price. And the profits are exported from the UK economy as well!

SteveW