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However these reports are simply wrong. Gas prices have risen with inflation, a slight peak occurred when the EU decided to reduce their supplies from Russia, but they have since dropped to the previous rates. The chart below shows both gas prices and world inflation, the difference between them shown in yellow is negligible. |
However this co-incided with an inflation peak from the covid crisis, so gas and inflation have followed a similar trajectory. Gas prices are world prices from https://fred.stlouisfed.org/series/PNGASUSUSDM The prices for specific regions of the world are similar and variations do not effect our conclusions. |
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However gas generator companies do not buy on the spot market, they have long term contracts to provide normal business continuity and security. Gas generators will be paying the world prices as indicated above. |
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The difference between world inflation growth and the growth in gas prices is never more than 1.8%, negligible. The real reason for the increase in power prices is the huge expense of intermittent "renewables" compared with consistant sources of energy such as gas and nuclear. See Power prices where we are working to provide a real comparison between the alternative sources. As the work here is done in our own time the information is becoming available as completed. |
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The cheapest power source is nuclear. Solar and Wind are prohibitively expensive because another source of power has to be built for the times they do not produce. Solar/wind and backup are the reason for the ever increasing power bills in the Western Nations. |
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We can provide tailored reports for your use. Your commisioned study will be produced rapidly, with full verifiable references to the data used. |
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We are in the process of checking all costs. |