{"id":256666,"date":"2023-05-09T21:27:18","date_gmt":"2023-05-09T19:27:18","guid":{"rendered":"https:\/\/climatescience.press\/?p=256666"},"modified":"2023-05-09T21:27:29","modified_gmt":"2023-05-09T19:27:29","slug":"beatrices-missing-output-the-plot-thickens","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=256666","title":{"rendered":"Beatrice\u2019s Missing Output\u2013The Plot Thickens!"},"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

I\u2019ve now got some more information concerning the \u201cmissing\u201d 551 GWh of output at Beatrice Offshore Windfarm in their y\/e March 2022.<\/p>\n\n\n\n

You will recall that their Annual Accounts listed output as 2084.7 GWh, but the amount they declared to the LCCC for CfD purposes was only 1533.6 GWh.<\/p>\n\n\n\n

Andrew Montford has provided data on the constraint payments to Beatrice, and for that year they were paid \u00a333.1 million for constraining output of 539.9 GWh. In other words pretty much all of the missing output was constrained, i.e. not exported to the transmission network.<\/p>\n\n\n\n

The constraint payment to Beatrice averages \u00a361.42\/MWh. Yet their guaranteed strike price via CfD was \u00a3164.73\/MWh at that time, so they certainly would not have given up that revenue just for the constraint payments.<\/p>\n\n\n\n

And, as we know, they did not give it up. Let\u2019s do a few sums.<\/p>\n\n\n\n

    \n
  • The revenue from the 1533.6 GWh, which was declared for CfD, would have been \u00a3252.6 million, at \u00a3164.73\/MWh<\/li>\n\n\n\n
  • The total revenue listed in the Annual Accounts was \u00a3392.9 million.<\/li>\n\n\n\n
  • Constraint payments were \u00a333.1 million.<\/li>\n\n\n\n
  • Therefore other income, that is excluding CfD and constraints, amounted to \u00a3107.2 million, and equates to \u00a3198.55\/MWh, based on the constrained 539.9 GWh.<\/li>\n<\/ul>\n\n\n\n

    In short then, Beatrice has not only received \u00a333 million from constraint payments, it appears to have sold all of that output anyway. Worse still, the price they received from that sale was higher than their strike price.<\/p>\n\n\n\n

    The mystery now is just where that missing electricity went.<\/p>\n","protected":false},"excerpt":{"rendered":"

    In short then, Beatrice has not only received \u00a333 million from constraint payments, it appears to have sold all of that output anyway. Worse still, the price they received from that sale was higher than their strike price.<\/p>\n","protected":false},"author":121246920,"featured_media":256670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_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":[691819439,691818345],"class_list":["post-256666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-beatrice","tag-cfd","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-14LM","jetpack-related-posts":[{"id":256209,"url":"https:\/\/climatescience.press\/?p=256209","url_meta":{"origin":256666,"position":0},"title":"Beatrice\u2019s Missing Output","author":"uwe.roland.gross","date":"05\/06\/2023","format":false,"excerpt":"When I looked at Beatrice\u2019s Accounts the other day, I noticed an anomaly that stuck out like a sore thumb. As I have been away cycling for a couple of days, I wanted to recheck my calculations again.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0YAYMFVFJU4W0MJ00I1L8.jpg?fit=1200%2C782&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0YAYMFVFJU4W0MJ00I1L8.jpg?fit=1200%2C782&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0YAYMFVFJU4W0MJ00I1L8.jpg?fit=1200%2C782&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0YAYMFVFJU4W0MJ00I1L8.jpg?fit=1200%2C782&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0YAYMFVFJU4W0MJ00I1L8.jpg?fit=1200%2C782&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":256155,"url":"https:\/\/climatescience.press\/?p=256155","url_meta":{"origin":256666,"position":1},"title":"CfD Indexation Is A Rip Off","author":"uwe.roland.gross","date":"05\/05\/2023","format":false,"excerpt":"We have been looking at indexation of CfD strike prices. 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