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<blockquote data-quote="renewablejohn" data-source="post: 8155010" data-attributes="member: 1136"><p>You basically have a cartel of large electric energy producers who can now dictate the electric price as they have suceessfully put out of business the small suppliers who were becoming a thorn in the big energy suppliers. side. It was easily achieved by putting up the gas price over the winter period and because ofgem were so weak they caved in with the energy price cap despite the gas price being manipulated. The gas price is now lower than last September yet another 42% increase in the price cap has been announced. Its an even bigger con as only 40% of electric is generated by gas and of that gas 50% is extracted from UK gas reserves. As for capacity there is massive overcapacity the demand for electric has dropped dramatically over the last decade with a further massive drop since the price increase on the 1st April. If it was not for the 5GW of export through the interconnectors to Europe a lot of generating plant would now be starting to be mothballed.</p></blockquote><p></p>
[QUOTE="renewablejohn, post: 8155010, member: 1136"] You basically have a cartel of large electric energy producers who can now dictate the electric price as they have suceessfully put out of business the small suppliers who were becoming a thorn in the big energy suppliers. side. It was easily achieved by putting up the gas price over the winter period and because ofgem were so weak they caved in with the energy price cap despite the gas price being manipulated. The gas price is now lower than last September yet another 42% increase in the price cap has been announced. Its an even bigger con as only 40% of electric is generated by gas and of that gas 50% is extracted from UK gas reserves. As for capacity there is massive overcapacity the demand for electric has dropped dramatically over the last decade with a further massive drop since the price increase on the 1st April. If it was not for the 5GW of export through the interconnectors to Europe a lot of generating plant would now be starting to be mothballed. [/QUOTE]
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