I have spoken before how oil prices have climbed 400% in the last ten years for UK customers. But I am struck by how little coal prices have increased.
You\’re using the wrong numbers laddie.
We in the UK don\’t in fact use oil to generate electricity. Well, a tiny bit, the very last tippy top of 1% of demand because oil fired stations can be spun up quickly.
But comparing the price of oil derived electricity to anything else is simply silly because we don\’t in fact have much oil derived electricity.
Gas versus coal is interesting, certainly, but then that find in Blackpool is going to rather change those relative prices in the near future……