Robert Best
π€ SpeakerAppearances Over Time
Podcast Appearances
I mean, I know the arguments why that may not be wholly credible, but take us through your thinking.
But if it's costing them money on their bills now, they're going to say, I don't want to pay that now.
Β£6.9 trillion, just so people understand that, is more than twice UK national income.
It's a lot of money.
And can I just ask you, so there's two things.
Obviously, I think people do understand because it is just straightforward common sense.
that if home energy system was 100% and business energy system was 100% wind, solar, nuclear, what happens to gas prices in the rest of the world wouldn't matter to us anymore.
That would be an enormous advantage.
And since the marginal cost of output from a solar farm or a wind farm is basically zero, that looks like a tremendously exciting place to...
I can't remember what it is.
What are we now?
About 50% renewables in the UK?
All right.
So 70% clean, including nuclear, something like that.
What people don't, I think, understand is why we nonetheless are so vulnerable to
to the gas price.
And, you know, because all the international comparisons show that we are probably more vulnerable to the global price of gas than any comparable economy.
It's one of the reasons why the IMF is forecasting that our economy will slow more than anybody else, because the costs of Trump's war for us are higher than anybody else.
And the bit... I know that you are a...