The electrification of heat and transportation is vital to the UK achieving Net Zero. In this short piece, Sean explores how a weighted average wholesale electricity price could reduce electricity prices for consumers and substantially delink wholesale natural gas and electricity prices. This promises not just to insulate UK consumers from global natural gas price volatility, but also facilitate the electrification of heat and transport by making electricity cheaper, which is essential for meeting the UK’s net zero targets.
When half the world struggles with inadequate electricity supply, what happens when we have too much energy? In this post, I look at situations in which overcapacity leads to a “renewable overkill”, creating landscapes of abandonment where wind turbines and other renewable energy projects lie as stalled, prevented or temporarily stranded assets.
