This follows the announcement that a major offshore windfarm will not activate an agreement to sell power at a much lower cost to the grid.
The Times has reported that the Hornsea 2 windfarm, which had a contract to sell power at £73 per megawatt hour, will instead sell in the open market, where prices have averaged £200 per megawatt hour this year, and reached £508 last week.
Britain's struggling energy consumers are likely to end up paying a billion pounds extra for Hornsea's electricity over the next 12 months.
The new Prime Minister should urgently look into the legal options for cancelling or revoking these poorly written contracts, the spirit of which are being grotesquely abused to the huge disadvantage to British consumers.
By 2026, there could be more than 16GW of offshore windfarms exploiting the perverse loophole (Moray East, Hornsea 2, Triton Knoll, InchCape, Seagreen Phase 1, Neart na Gaoithe, Dogger Bank A, Dogger Bank B, Dogger Bank C, Sofia, Hornsea 3, Norfolk Boreas, Moray West and East Anglia Three.)
Assuming they deliver 50% of capacity each year, and the differential between market price and CfD price remains at £130/MWh, the cost to consumers will be £9 billion per year, at a cost of £337 per household.
Onshore windfarms, solar, and remote island windfarms will raise that figure still higher.
Reacting to the news, Net Zero Watch Director Benny Peiser said:
In the midst of the worst energy crisis since World War II, wind companies are milking the system by using a perverse loophole.
And just a few weeks ago, Kwasi Kwarteng signed the contract for Hornsea 3, which contains the same loophole, as does the contract for every other offshore windfarm on the horizon.
The Government is putting every household on the hook for hundreds of pounds more, every year. Energy policy is lurching from one rip-off to another. It's a national disaster."
Reader Comments
</sarcasm>
The incident reminds me very much on the "cars for clunkers" program first ran in Germany, and later copied in the US. Which was a tax grab to subsidize the failing automotive industry. They are still making losses at each car, but compensate it with murky banking and leasing schemes.
Someone should look into the management of that "Hornsea" company, and personal connections into the political establishment.
"A windmill can spin until it falls to pieces, but it can never generate as much energy as it took to create the windmill. Think about that."
But having had a stint in the semiconductor/wafer manufacturing industry, I know for sure that no photovoltaic solar system will ever get even either.
your looking at a 99% pop reduction in the uk if this sick slut gets to be pm, have aa look at this..
there will be no green energy, by 2026, there will be no UK!!
no f*cking way
The crazy thing, is everyone claps. The UK is finished, and they don't even realise it.
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According to official numbers, 35% of the British population is not "Covid-vaxxinated", i.e. 44 million are going off on a tangent, healthwise. Which will draw quite a bit of the country's resources, I suppose. While the remaining 24 million will have to deal with cold and hunger, they will at least have a purpose. So many holes to dig.
Assuming there is no last-ditch attempt by the government to deploy their toy army against Russia ...
Only in the last section he came to the point: Not sure he wrote that himself, but that does not matter - he signed it. And now we know what he meant.
By the way, I heard the first public articles in this style appeared in the '70. By sheer coincidence the time of the first oil crisis, when food recommendations and supplies shifted to plant oils and grains, and contraceptive pills were introduced in a large scale ...
weird thing is, that blonde nazi kunt said that, and it just had a child with his mistress ffs.. that child of it wont live to primary age,
it will be a target as of the release of this..article..
boris is a fuktard.. same a trudeu, castros bastard child, all need to cancer out and slowly suffer a painful very very slow death!
this the reason why my friend..
GLOBAL POPULATION CONTROL
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goodluck my friend, this is evil an sad..
Don't you think his dad made him into the eugenicist scumbag hi is, just like it's family tradition ?
Do you think Hunter very much deviated from Daddy Joe's path ?
they all took the piss out of each other, a family of no love what so ever, just money and competition, and heavy vanity an ego
simple
there all very much fuked now, the next life, well, reincarnate they must, as they fuked this life experience up for themselves
and others,,
karmas a bitch, this biden fam, seriously, bitched to soo many.. fuked it is..
next life for this crew, same as clinton gang, born again roaches or maggots, they not deserve the happiness all strive for, as they stole it from so many,,
they are well an truely maggot assension, fukd beyond reason, when they die, nothing but torment and pain, that they caused others,,
it truely sucks to be them..