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Climate Change

At the end of the day if solar really was the cheapest energy source in this country. All the largest companies would be installing solar and cutting themselves from the grid. Or even supplying the grid.
 
Lilbaz said:
At the end of the day if solar really was the cheapest energy source in this country. All the largest companies would be installing solar and cutting themselves from the grid. Or even supplying the grid.
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Good for housing though, my old man has slashed his costs by having it installed paid for itself and then some, I know you are talking on an industrial level but on some levels its a game changer
 
Grid Solar is the cheapest energy in the UK, though the intermittency is the issue, needless to say. Solar plus storage is hitting parity in some markets because batteries have become so cheap. I read about improvements in this area almost every week. The grid mix in the UK will lean into offshore and onshore wind more than solar though.

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MartyFunkhouser said:
Good for housing though, my old man has slashed his costs by having it installed paid for itself and then some, I know you are talking on an industrial level but on some levels its a game changer
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I live in a desert. 350+ days of sunshine a year. Have 8 solar panels on my current home the builder added for tax purposes. They cut my bill by about 30% and I could maybe get another 4 on my roof.

I then have a rental I have owned for 10 years with 20 panels. The electricity costs were offset so they paid for themselves an I could charge a higher rent with no utility costs. But after 8 years, even though I’ve kept up with the maintenance they stopped working as well and 2 years later basically need replacing. I paid of the loan of them early but absolutely no chance they were worth the investment in the end. I was told they would last 25 years.
 
Rorschach said:
Grid Solar is the cheapest energy in the UK, though the intermittency is the issue, needless to say. Solar plus storage is hitting parity in some markets because batteries have become so cheap. I read about improvements in this area almost every week. The grid mix in the UK will lean into offshore and onshore wind more than solar though.

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UK energy prices are some of the highest in the world.
 
robp135 said:
At what point do these investments in renewables, that have been funded by the taxpayer, turn in to cheap energy for the people?
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This is largely to do with the way energy markets use marginal pricing. Eventually renewables will push the most expensive generators out of the market, which are gas peaker plants now (I think).
 
Rorschach said:
This is largely to do with the way energy markets use marginal pricing. Eventually renewables will push the most expensive generators out of the market, which are gas peaker plants now (I think).
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HInkley point c will be the highest cost. Think the contract is for 20 years.

So you'll be lucky to see cheaper bills in your life time.
 
robp135 said:
I live in a desert. 350+ days of sunshine a year. Have 8 solar panels on my current home the builder added for tax purposes. They cut my bill by about 30% and I could maybe get another 4 on my roof.

I then have a rental I have owned for 10 years with 20 panels. The electricity costs were offset so they paid for themselves an I could charge a higher rent with no utility costs. But after 8 years, even though I’ve kept up with the maintenance they stopped working as well and 2 years later basically need replacing. I paid of the loan of them early but absolutely no chance they were worth the investment in the end. I was told they would last 25 years.
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Panels all warranted for 25+ here.
 
robp135 said:
Marginal pricing is used in pretty much every developed country.
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Yep used in other markets too - steel, grain etc. There are benefits to it but eventually the increased renewable share of the mix will prompt some market reform. This will need to be done at a Europe-wide level.
 
Rorschach said:
Yep used in other markets too - steel, grain etc. There are benefits to it but eventually the increased renewable share of the mix will prompt some market reform. This will need to be done at a Europe-wide level.
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Why? We are not a part of the eu. Yes we have interconnections but could only pay the price they charge when we use it. What is the point of privatisation if there is no competition? Apart from making shareholders money.
 
Standard charges need to go aswell. When my mum was ill i stayed there basically for a year. Only the fridge on in my place still had to pay £28 a month standard charge. Joke.
 
Lilbaz said:
HInkley point c will be the highest cost. Think the contract is for 20 years.

So you'll be lucky to see cheaper bills in your life time.
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I'm not in the UK, so gas sets the marginal price here.

I have panels and a battery. The battery is the real game changer for bills, as I am mostly running off cheap nighttime rate. My back of the envelope calcs show the battery will have paid for itself in about 18months or maybe less, depending on how sunny it gets this year. A few years ago, this wouldn't have been a good investment but the prices have dropped so quickly it probably makes sense even if you have no panels.
 
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