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High power prices due to renewables The data
Many publications claim that the rapidly increasing cost of power to homes and businesses, well above the rate of inflation, is due to rising gas prices.

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.
There was a peak in prices due to the EU/UK deciding to stop cheap gas imports from Russia.
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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It should be noted that the "spot prices" of gas do fluctuate widely from day to day, week to week.

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.
The comparison shows the relative percentage growth from an equal zero point in 2013.
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.
We are currently working on providing real prices for the different sources of power.

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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China know thermal cheapest, they use mostly coal/gas.
We provide accurate costs for nuclear and renewable backup, we use other costs from government reports unchecked.
We are in the process of checking all costs.

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