About 7 years ago, the UK govt signed a contract for a new nuclear power plant (which is currently being built) with EDF, with a fixed strike price of £92 per MWh.
Cue the press and opposition going crazy and bashing the government for "overpaying".
Fast forward to 2022 and electricity is being sold for £323 per MWh, having hit £560 per MWh in August.
The govt deal on the nuclear is now looking very good! Thank goodness they resisted caving to the know-nothings in the media.
Lol - that is interesting!!
How are you managing with the changing prices? Was talking to one of my UK colleagues yesterday about it and he was saying that as a home owner (mortgage payer) things are a bit of a worry, and he is on a very good wicket.
Grocery prices are going up quite fast here. Some people think it's to do with high fertilizer costs. Some people think it's down to the weak pound. It's probably a combination.