Some of the big corporate winners from soaraway gas prices, as everybody knows by now, have been those renewable energy generators with old-style incentive contracts. They are the accidental beneficiaries of a mad system whereby the price of gas sets the price of electricity. Then these generators enjoy a “renewables obligation” payment on top. So the case for extracting some extra revenue in current circumstances is overwhelming. The question is how to do it. Plan A, according to prime minister … read more »
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