{"id":251750,"date":"2023-04-08T12:34:01","date_gmt":"2023-04-08T10:34:01","guid":{"rendered":"https:\/\/climatescience.press\/?p=251750"},"modified":"2023-04-08T12:34:11","modified_gmt":"2023-04-08T10:34:11","slug":"the-great-renewables-rip-off-continues","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=251750","title":{"rendered":"The great renewables rip-off continues"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

London, 6 April \u2013 Renewable energy operators have just been awarded huge prices rises, putting further pressure on hard-pressed consumers.<\/strong><\/em><\/p>\n\n\n\n


Generators in the Contracts for Difference subsidy scheme get an annual increase in the guaranteed \u2018strike prices\u2019 they receive for their output.<\/em><\/p>\n\n\n\n


This year, many have received price rises of more than 10%. For example, the huge Hornsea 1 offshore windfarm saw an 11% price increase, which will boost its revenue by nearly \u00a3100 million per year.(1) Hornsea 2, due to come on stream in 2024, had a price rise of 14%.<\/em><\/p>\n\n\n\n


With market prices for electricity now below \u00a3100 per megawatt hour, several windfarms have strike prices worth \u00a3209. There are several tidal power stations in planning which have been promised higher prices still. The Drax biomass power station has seen a 12% increase to \u00a3142.<\/em><\/p>\n\n\n\n


Commenting on the news, Net Zero Watch\u2019s deputy director Andrew Montford said:<\/em><\/p>\n\n\n\n


“For years, ministers and civil servants have been telling the public that renewables are cheap. Make no mistake, they have been engaged in a cynical deception of the British public.\u201d<\/strong><\/em><\/p>\n\n\n\n

Not the least of the clangers made when the CfD terms were drawn up in the first place by Ed Davey was the fact that the whole of the strike price was index linked.<\/p>\n\n\n\n

This really was an utterly irresponsible use of energy bill payers\u2019 money. Most of the cost of wind power is capital cost, which does not need to be index linked for inflation. Only the variable running costs,  such as maintenance, should be index linked. <\/p>\n\n\n\n

The fact that those terms offered by Ed Davey still apply to new contracts indicates that the government is happy to extort money from the public, and to hand it over to the renewable industry it appears to be in hock to.<\/p>\n\n\n\n

Any pretence that they want to reduce energy prices for consumers is an outright lie.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Renewable energy operators have just been awarded huge prices rises, putting further pressure on hard-pressed consumers.<\/p>\n","protected":false},"author":121246920,"featured_media":251762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818131,691818130,691818083],"class_list":{"0":"post-251750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-offshore-wind-farm","9":"tag-renewables","10":"tag-windfarm","12":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0_Hornsea-One-offshore-wind-farm-1.jpg?fit=1200%2C630&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-13uu","jetpack-related-posts":[{"id":430822,"url":"https:\/\/climatescience.press\/?p=430822","url_meta":{"origin":251750,"position":0},"title":"U.S. 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Government has offered further handouts contingent on delivery of a \u2018low carbon supply chain\u2019 and \u2018social benefits\u2019 This can only increase costs to consumers, who should expect hefty increases\u2026","rel":"","context":"In \"66% price increase\"","block_context":{"text":"66% price increase","link":"https:\/\/climatescience.press\/?tag=66-price-increase"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/8a5a2033-16e9-4fce-b6ba-afcc26fb7c45.jpg?fit=1200%2C632&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/8a5a2033-16e9-4fce-b6ba-afcc26fb7c45.jpg?fit=1200%2C632&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/8a5a2033-16e9-4fce-b6ba-afcc26fb7c45.jpg?fit=1200%2C632&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/8a5a2033-16e9-4fce-b6ba-afcc26fb7c45.jpg?fit=1200%2C632&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/8a5a2033-16e9-4fce-b6ba-afcc26fb7c45.jpg?fit=1200%2C632&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":290037,"url":"https:\/\/climatescience.press\/?p=290037","url_meta":{"origin":251750,"position":3},"title":"Why Subsidised Wind & Solar Always Deliver Punishing Power\u00a0Prices","author":"uwe.roland.gross","date":"05\/12\/2023","format":false,"excerpt":"From STOP THESE THINGS Every country that\u2019s \u2018transitioning\u2019 to wind and solar is suffering rocketing retail power prices. 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