Let Me Google That
For all those people that find it more convenient to bother you with their question than to google it for themselves.
Some people are incredibly lazy.
Wind Turbines
- Thread starter Hysteresis
- Start date
Some people are incredibly lazy.
"SSE fined almost £10mn for overcharging National Grid"
FT.com
" In a statement on Tuesday, Ofgem said SSE had in May 2020 decided to “significantly” increase the amount it charged National Grid for cutting output from its Foyers hydropower station in Scotland. SSE did this based on what it believed other hydropower plants were charging, and to “increase profit”, Ofgem said. “Its revised prices were expensive relative to several relevant comparators, and were not compliant with the [licence condition], Ofgem added. “The bids submitted resulted in higher balancing charges, ultimately increasing costs for consumers.”
Ofgem stressed it had not seen “any evidence” to suggest SSE had deliberately breached its licence conditions, and SSE had co-operated through the investigation.
SSE said: “We aim to comply with regulations at all times and believed we were doing so in this case. We co-operated fully with the investigation."
Did the fine exceed the gains made though?
Does the UK government still have an offshore wind strategy?
The developers weren’t bluffing about the rising cost of building offshore windfarms. They had warned for months that they wouldn’t pitch to build turbines in the North Sea on the terms the government was offering, and they did what they said they would do. No bids were received in this year’s auction for new projects. The auction was a flop.
The writing was on wall when the Swedish developer Vattenfall halted work on a big project off the coast of Norfolk that was a winner in last year’s auction. The company reckoned it was cheaper to take a financial hit of £415m, covering the work it had done so far on the Norfolk Boreas development, than carry on. Companies do not take such decisions on a whim.
The future approach is now the issue. Yes, after several rounds of “record low” auctions over the past decade, it is a shock to discover that offshore wind prices can rise as well as fall – there will be an effect on consumer bills. But sticking with gas is hardly an appealing alternative, whatever net zero sceptics may say about hidden costs of remodelling the electricity grid to cope with more intermittent supplies. Even allowing for such system costs, offshore wind still looks more competitive than gas on current 15-year projections, which is the life of these price contracts.
Nils Pratley@theJolly Green Guardian
Won't be a popular comment but this entire area relates to something Corbyn said. Projects a gov should consider taking on and the likelihood of commercial enterprises taking them on. He was referring to China - keeping up with them. At the time he could mention that interest rates are low.
Will a commercial enterprise dig into it's huge cash reserves to complete the task. Cash reserves are usually just what is needed for "normal running" Anything over that at some point is seen as dead money. So interest rates still figure. Seems the gov guarantee the loan for them. LOL but it doesn't appear on the books done that way. All privatised utilities are seen as good investments.
We don't just need turbines we also need more cables. The cost of power needs to be as low as possible.
History and debt. Seems they did consider taxation after the worst period of covid
Note we said we wouldn't increase it - in practice they have in obscure ways. The link gives a good breakdown of income from all taxes. NI is fascinating. They have also had some odd tax bonanzas - post covid public spending for instance. Recent pay rises and leaving allowances where they were. Inflation in some areas increase the VAT take.
Don't worry growth will save all.
Will a commercial enterprise dig into it's huge cash reserves to complete the task. Cash reserves are usually just what is needed for "normal running" Anything over that at some point is seen as dead money. So interest rates still figure. Seems the gov guarantee the loan for them. LOL but it doesn't appear on the books done that way. All privatised utilities are seen as good investments.
We don't just need turbines we also need more cables. The cost of power needs to be as low as possible.
History and debt. Seems they did consider taxation after the worst period of covid
Note we said we wouldn't increase it - in practice they have in obscure ways. The link gives a good breakdown of income from all taxes. NI is fascinating. They have also had some odd tax bonanzas - post covid public spending for instance. Recent pay rises and leaving allowances where they were. Inflation in some areas increase the VAT take.
Don't worry growth will save all.
The first turbine to be completed in a project to build the world’s largest offshore windfarm, in the North Sea, has begun powering British homes and businesses. Developers confirmed on Monday that Dogger Bank, which sits 70 nautical miles off the coast of Yorkshire, started producing power over the weekend as the first of 277 turbines was connected to the electricity grid.
The project, jointly developed by Britain’s SSE and Norway’s Equinor and Vårgrønn, will produce 3.6 gigawatts of power, enough for 6m homes a year, when it is completed in 2026.
The government has set a target to decarbonise the UK electricity system by 2035, while Labour has pledged to achieve the same feat by 2030. However, they face a considerable task to achieve those targets in a market currently reliant on fossil fuel power generation.
Green is Good@the Grunadina
The project, jointly developed by Britain’s SSE and Norway’s Equinor and Vårgrønn, will produce 3.6 gigawatts of power, enough for 6m homes a year, when it is completed in 2026.
The government has set a target to decarbonise the UK electricity system by 2035, while Labour has pledged to achieve the same feat by 2030. However, they face a considerable task to achieve those targets in a market currently reliant on fossil fuel power generation.
Green is Good@the Grunadina
but only when the wind blows.
Which it does most of the time, especially 150m up.
I thought it was always blowing hard in Yorkshire...
Very little wind here currently.I thought it was always blowing hard in Yorkshire...
Hull isn't really in Yorkshire, though, is it - are you still petitioning for the return of the East Riding?
Now you're just taking the ****.