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Author Topic: Gas-Fired Power Is Now Cheaper Than Offshore Wind Again  (Read 251 times)

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Online rangerrebew

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Gas-Fired Power Is Now Cheaper Than Offshore Wind Again
« on: January 26, 2023, 06:22:03 am »
Gas-Fired Power Is Now Cheaper Than Offshore Wind Again
JANUARY 25, 2023
tags: gas, wind power
By Paul Homewood
 
There are increasingly strong signs that European gas prices are back to pre-war lows and may stop that way. [TTF is the European benchmark]. As Timera explain, part of the reason is demand destruction in Europe and Asia, with gas replaced by coal and slowing economic growth in China. Gradually as well LNG capacity is starting to expand.

Catalyst Digital Energy, the UK energy consultants, agree, with day ahead UK prices down to 178p/therm at the end of December.

Naturally this has an effect on consumer prices for gas, but there is also an effect on power prices too, and these are back down to £160/MWh on the wholesale market.

You will recall the many references a few months ago to the claim that gas power is now nine times as expensive as wind power. As was pointed out at the time, this was based on a very short spike in gas prices in August. For most of last year gas was much cheaper than that.

https://notalotofpeopleknowthat.wordpress.com/2023/01/25/gas-fired-power-is-now-cheaper-than-offshore-wind-again/
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Online rangerrebew

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Re: Gas-Fired Power Is Now Cheaper Than Offshore Wind Again
« Reply #1 on: January 26, 2023, 06:23:30 am »
This must be the REAL reason commiecrats are so hot and bothered about gas stoves, it's cheaper for the consumer. :pondering:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address
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