Not a Lot of People Know That ~> Windfall Profits For Generators Running At £43 Billion A Year

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

.

Although rising international prices for natural gas have triggered the massive rise in wholesale electricity prices in the last year or so, they are only directly responsible for part of that rise.

As I have explained before, it is usually gas-fired generation that sets the wholesale price of electricity, which in August averaged £382/MWh:

image

https://www.catalyst-commercial.co.uk/works/september-2022-energy-market-brief/

.

As a result of this broken market, non-gas generators are making obscene windfall profits, with the exception of those on CfDs, which receive a fixed price. These generators produced 131 TWh last year, accounting for 45% of total generation:

Type Twh
Wind48
Solar7
Bio21
Coal7
Nuclear41
Hydro7

.

At a price of £382/MWh, compared to a historic price level of around £50/MWh, these generators are raking in an incredible £43 billion. It is true that some generators may have Power Purchase Agreements in place…

View original post 191 more words

About michael burgwin

A child of the peace and antiWar movements, a Truther with self-diagnosed Opposition Defiance Disorder, formerly politically liberal tho now politically marooned, and Post-Doomer, on any issue, I trend to the conspiracy side, sort through the absurd, fantastical and insane, until I find firm ground usually located just the other side of the censorship firewall of propaganda and orthodoxy, dogma, and other either / or thinking.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s