The Hidden Reason Renewable Energy Costs So Much

Energy prices have been falling for renewables for years, so why are your bills still through the roof? The answer comes down to something called fossil pegging, and once you understand it, the whole energy market starts to make more sense.

In this video I break down why the price of electricity, whether it comes from wind, solar or gas, is still largely set by the cost of gas. It's a structural quirk of how energy markets were designed, and it has massive implications for how we think about the transition to net zero.

If you work in sustainability or advise organisations on energy strategy, this is one of those topics that comes up constantly, and getting your head around it helps you give better advice and challenge some of the greenwash around cheap renewables.

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