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A comment on $22B project to provide 8% of UK energy via undersea cable from North Africa. Parent comment

Re:$22B project to provide 8% of UK energy via undersea cabl... by londons_explore on Thursday March 09, 2023 @05:49PM (#35087945)
Yet the spot price of power has been over £150/MWh for most of the last year...

That deal is starting to look pretty good for the government...

[ Parent | on HN ]
Re:$22B project to provide 8% of UK energy via undersea cabl... by p1necone on Thursday March 09, 2023 @06:04PM (#35088107)
Generation cost !== retail all the way to the consumer cost. The latter is always going to be higher, just like all other goods and services.
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Re:$22B project to provide 8% of UK energy via undersea cabl... by Gwypaas on Thursday March 09, 2023 @05:51PM (#35087962)
A haphazard continent-wide transition from Russian gas, and all we get is nuclear prices for power? So to get it straight, you are proposing that we always should have an energy crisis in Europe?
[ Parent | on HN ]
Re:$22B project to provide 8% of UK energy via undersea cabl... by londons_explore on Thursday March 09, 2023 @05:53PM (#35087984)
The futures market, even 5 years out, doesn't show a return to old prices.

It looks like the market doesn't expect russian gas to ever return.

[ Parent | on HN ]
Re:$22B project to provide 8% of UK energy via undersea cabl... by Gwypaas on Thursday March 09, 2023 @05:57PM (#35088026)
Like an addon of $10-20/MWh. That does not pay for a nuclear plant.
[ Parent | on HN ]