The current practice whereby renewable energy schemes on old-style contracts earn excess profits from gas-led high electricity prices is to be reformed by the Government according to the Sunday Telegraph. Business Secretary Kwasi Kwarteng has announced that wind and solar farms will be offered secure fixed terms contracts to reduce excess profits currently being earned by them. This has been suggested by us earlier (see this post). But this still leaves nuclear power stations earning massive excess profits. Nuclear power … read more »
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