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Electricity, Tariffs, Monitoring & Providers
Last Post by JamesPa 3 hours ago
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 JamesPa
(@jamespa)
Illustrious Member Moderator
Joined: 3 years ago
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28/10/2025 5:00 pm  

Posted by: @iaack
↑

@jeff The cost of an electric motor is pretty insignificant compared with cost of electricity it consumes in its operational lifetime. The cost of installing a wind farm compared to its earning potential over its 25 year lifespan (giving its energy source is free as the wind), just why is it necessary for 20 year CfD to help pay for it?

Because its what the investors demand, simple as that.  Like it or not we are dependent on them, and like it or not they have a choice in what to invest in.  

You may recall that, about 2 years ago, there was a call for bids to build new wind turbines and there were NO responses because the conditions/price we were offering wasn't good/high enough.  In a sense its possibly good news if that happens occasionally because it shows that the government is pitching it about right, but of course it doe imply that better terms are required by the market if we want to actually achieve anything.

Armchair contract negotiation is easy, actual contract negotiation less so.  Im not saying government (whatever the colour) always gets it right, they are human after all, but starting from the presumption that they can dictate to the market the terms of investment is unrealistic.  Maybe if we had a command economy the size of China we might be in a position to do that, but we don't and we aren't


4kW peak of solar PV since 2011; EV and a 1930s house which has been partially renovated to improve its efficiency. 7kW Vaillant heat pump.


   
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