Remix.run Logo
youngtaff 6 hours ago

> I do think that wind has a part to play in the UKs long term energy mix, but by this point I'm happy to call the current scale-up a complete false economy. Household and industrial electricity bills are double what they were in real terms 15 years ago.

The CfDs set a floor price when there’s lots electricity being generated by renewables but they also contribute to bills when the market price is over the strike price

Electricity bills are higher because we’ve had two fossils fuel shocks in the last 5 years and the costs for decarbonisation are added to electricity bills rather than gas ones

gendal an hour ago | parent [-]

The amount wind farms in the UK have contributed back over the last ten years is a rounding error compared to how much they have received. It's not even close: https://x.com/7Kiwi/status/2031657347433603581

And the scary thing: the wind farms aren't even making that much money! Some projects have been cancelled and others had to re-bid in subsequent auctions to get a higher CFD price than they originally received because they couldn't make the economics work. Worse, there are reasons to believe they're not even fully provisioning for their end-of-life decommissioning costs.

The UK's energy policy is unbelievably destructive :(