Well done wind

[Lirefighter]

Not very good, is it!
Little wonder a private company hasn't made a killing yet.
To say most have been gaslit, is a far too ironic term to use.

 

[aveatry]

Absolutely nothing

Feel scammed yet

 

[IT Minion]

If a private company could supply the majority of consumers with electricity from renewable sources at half the price it is now, and still make a profit, then they would.
Renewables are cheaper, so they say, so why has no bright spark cornered the market and made a killing yet?

Because you can't.

Big solar farms take time to get approved.
You can't build one huge one because the grid isn't designed for it.
There's a huge backlog on grid connections
Huge farms get rejected, blame the Tories.
Small farms get rejected, blame the Tory voters.
c
CFD, contract for difference, gives a set price to producers but that excludes huge profits. Going CFD free is only now something that is being discussed as there's so much profit and so little risk based on years of data.


Doing a big overnight change isn't possible, we've been rolling it out over time as it has become more and more economical so we can now deliver 42% of the power needed at times of full sun.

 

[JohnD]

Gas is currently at 1GW

I suspect that is tickover.

Solar 11.7
Wind 7.4
Nukes 5.1

 

[Justin Passing]

cfd....
As far as I misunderestimate it,
whatever the source, we pay the top price per kWh, which is the gas price; those contracts (fd) being based around it.
And the excess goes to HMG. So we're paying a large tax on energy, which isn't described as such.

Does anyone remember what Truss/Kwarteng were planning - it was some sort of separation?

 

[wobs]

If a private company could supply the majority of consumers with electricity from renewable sources at half the price it is now, and still make a profit, then they would.
Renewables are cheaper, so they say, so why has no bright spark cornered the market and made a killing yet?
Even at 15p/kw, I'd reckon that 80% of people would be using them within a year.
What's stopping someone doing this?

If a private company could supply the majority of consumers with electricity from renewable sources at twice the price it is now, and still make a profit, then they would.
Companies charge as much as the market allows.

 

[IT Minion]

cfd....
As far as I misunderestimate it,
whatever the source, we pay the top price per kWh, which is the gas price; those contracts (fd) being based around it.
And the excess goes to HMG. So we're paying a large tax on energy, which isn't described as such.

Does anyone remember what Truss/Kwarteng were planning - it was some sort of separation?

THe CFD goes into a pot, most of the time the government pays out more than they get (those are the green levies that the far right moan about) but sometimes when gas prices are high they make a profit which eventually goes to take a few pence off our electricity bills.