We can make electricity cheaper by developing more solar and wind power
"By far the cheapest component of our energy supply is the electricity produced by renewables, principally wind and solar. It’s the same story worldwide. But the price of electricity does not reflect the mix of sources. It is set at almost all times by its most expensive component. And what might that be? Oh yes, fossil gas."
Clean power offers protection
"Clean electricity, by contrast, cuts gas demand and reduces exposure to volatile markets. The political pressures are jobs, tax revenues and the economies of Scotland and north-east England tied to a declining asset.
Clearly, more drilling will not shield households from price spikes; it will mainly boost oil company profits – which explains why the industry is lobbying to scrap the windfall tax."
