Ofgem has blamed the war in Iran for the 13% rise in energy bills — a remarkable display of mealy-mouthed ineptitude

  • Nighed@feddit.uk
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    3 days ago

    It’s an auction of a commodity, you have to keep paying more until you find someone to provide the last bit. Everyone then gets paid close to that.

    The big profits are going to those that invested in renewable energy to be fair though, not to the fossil fuel companies.