Comments by "Greg Greg" (@SlowhandGreg) on "Net-Zero Will Define The New Labour Government | James Melville" video.

It enables the grid to run on ultra cheap renewable energy and removes highly costly peak Gas plants that run for mere minutes a day at exorbitant expense
1
@denisburgess2966 In what way? I have solar and thermal solar My hot water is free 75% of the time and I top the tank up overnight with a special overnight rate which is the same as my Feed in Tariff during the day for excess solar. Capital repayment cost is 8 years due to the energy crisis so just 4 years to go. And that's all net zero is money up front and various ways to store and time-shift energy usage to maximise usage at off peak and minimise cost at On Peak at Grid scale.
1
Government borrows money for capital projects and said projects return higher GDP which = increased taxes and net zero isn't nonsense it allows you to connect ultra cheap renewable energy in a reliable way onto the grid
1
It facilitates the advent of cheaper electric it's already started to drive a manufacturing boom in the US
1
@alexedwards6509 I worked a good few years ago for National Power so understand how the grid works. And You can easily find the forward contract price for Generating installations renewables come out as the cheapest by a considerable margin. The issue is capital investment in a renewable grid, sticking with gas will cost double long term and that's before the savings from not having Gas Peak plant on idle for just in case and Time shifting using smart tech.
1
@tonyjefferson3502 Off shore price of Dogger bank forward contract is £42 which is the latest to come online. The last Auction by GB fell through at forward contract of £52 Gas prices vary as you well know because of Peak plant volatility which net zero removes. quote On the morning of Dec. 12, as plunging temperatures left poorer Britons struggling to heat their homes, traders for Vitol Group’s VPI Power Ltd. abruptly served notice that one of the London area’s largest power stations would begin turning off just after midday. This change of plans left Britain’s power grid at risk of running low on electricity. But the traders had another offer on the table: They’d keep running their plant for as much as £6,000 ($7,340) per megawatt-hour, four times more than the regular market rate. With little choice, the grid operator paid up, an £11 million tab that was ultimately passed to UK consumers, many of whom are already contending with prices that have more than doubled in the last two years.
1
@tonyb3629 Independent by whom? Removing peak plant volatility alone save's billions quote The Astonishing Economics of the Tesla Megapack By adding about 300 MW of storage, ERCOT will generate approximately $1 billion in savings in 2025. This is from a one time purchase of Megapacks for $750 million. These savings will also happen each additional year after 2025 - they are recurring!
1