The central premise of government energy policy is that fossil fuel prices are going to continue to rise. All the claimed benefits of renewables are calculated against a such a rising baseline for a fossil-fuelled future.
It's therefore interesting to see that UK natural gas prices are now falling and have reached a six-month low:
The largest deliveries of liquefied natural gas cargoes to the U.K. in a year are sending prices for the day-ahead fuel in Europe’s biggest market to a sixth monthly decline, the longest losing streak since at least 2007.
The day-ahead contract on the National Balancing Point gas hub dropped to the lowest since October 2011, heading for an 8.2 percent drop this month, broker data compiled by Bloomberg showed. Ten cargoes from Qatar arrived at the U.K.’s South Hook terminal this month, the most in a year, according to port authorities and ship-tracking data on Bloomberg.
I think Ed Davey will need to turn a Nelsonian eye to this one.