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If Labour had any sense they would’ve got Ed Miliband to make a move to immediately reform the electricity market so that wholesale prices aren’t largely determined by the price of gas fired generation. A bold but long overdue move would potentially halve the domestic unit rate, with an immediate win for inflation, and render the whole question of the winter payment moot. That would’ve been smart joined up strategy benefitting everyone. Doesn’t look like they’re capable of that.
@christineburns I've heard an argument (from Quentin Willson - highly cynical of the fossil energy industry, via Everything Electric, and associated channels) that it might be short-sighted to change the law to account for the temporary injustice or imbalance cuased by tying electricity pricing to gas/oil. However, that does sound like a "carry on as usual" line ot keep campaigners quiet, even though I don't think Quentin would take that line.
⧖ @christineburns@mastodon.green@j5v I’ve not heard that argument. However the fact is that pretty soon, with the grid aiming for almost zero carbon by 2030, a new market mechanism will be required. It’s not a temporary anomaly, it’s been wrong ever since renewables became a substantial part of the mix.
@christineburns @j5v
The system has been working as designed for 20+ years, to keep a maximal continuous use of gas generation running, and sucking money up via the absurdly biased marginal cost pricing system.
It’s not going to quietly fold itself away unless forced to.