probably. central banks have spent over a decade providing high liquidity to markets, to avoid fears of deflation. thats ended and being reversed. inflation will be more volatile and generally higher. to add, i expect the target to rise from 2%, as the measures to get there will be too harsh.
He would say that wouldn't he....The word on the street is high bills are here to stay for foreseeable ...
Energy boss warns higher bills are here to stay
Equinor's chief says while prices will not be as volatile, investment in renewables must be paid for.www.bbc.co.uk
Well the thing I would say is even though the gas price has dropped a lot we won't see the benefit as the government subsidy falls away.
Looks about right. We always get mugged off.
what you posted there is spot market price from mid December when we had cold snap and no wind. its not the regular spot price (about £200 today), or European domestic prices.
he's making a broader point about cost of energy isnt going to return to the old prices. need to shift to renewables and base cost of those is more expensive. "we need to treat energy as something that is not abundant", we've had a period of very cheap energy that isnt coming back.
Hopefully in the end energy will be cheaper with renewables, transition will cost but with it we'll get energy security
£200 per annum? I'd love to know where you get that price. The government themselves said our average annual bill will be around £2500 a year.
er no, not annual. its the spot price for MWh at 18:00-19:00 today (on 12th Dec in your posted jpeg). thats what Epexspot is, shows the live energy markets not domestic billing.
Probably still indicative of the cost per kWh to the consumer in comparative terms unfortunately.
How does this compare with other big markets in Europe though? Say France, Germany and Italy.
varies during the day from a bit more bit less depending on the time. https://www.epexspot.com/en/market-data
I heard recently that it's worth waiting before committing, because the price movement is downwards, and the earlier you get locked into a deal, it's likely to be at a higher rate than if you hold on for a while.
