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


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:



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


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…

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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.
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