| ▲ | youngtaff 2 hours ago | ||||||||||||||||
Where’s his methodology? How does he separate the CfD price from the market price that’s being set by renewables? Where’s his evidence that using gas would be cheaper than renewables? | |||||||||||||||||
| ▲ | gendal an hour ago | parent [-] | ||||||||||||||||
He explains on his website where he gets his data from. He gets it from The Low Carbon Contracts Company... y'know: the firm who is the actual counterparty to the CFDs and so should probably know the actual sums of cash being moved - and in which direction. His January article: https://davidturver.substack.com/p/record-january-cfd-subsid... LCCC's relevant data page: https://dp.lowcarboncontracts.uk/dataset/actual-cfd-generati... The actual spreadsheet: https://dp.lowcarboncontracts.uk/dataset/8e8ca0d5-c774-4dc8-... And note: even when gas is more expensive than the CFDs, the huge fixed and/or policy costs (network build-out, capacity market, curtailment, etc) are devastating. The story would be completely different if wind farms were actually cheap to build and run... the problem is they're just not. I wish it were not so... it would be great if we had a path to being free of dependence on hydrocarbons. But in a battle between wishful thinking and physical and economic reality, reality usually wins. So we're faced with a choice as a nation: continue to pour tens of billions of pounds down this drain... or call time on the experiment and free up all that money for something productive? | |||||||||||||||||
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