This paragraph caught my eye:
Britain’s power grids, which are regulated by Ofgem, have warned renewable energy developers to expect a 10-to-15-year wait to connect their projects to the network. The delays threaten the government’s clean energy targets and put much-needed investment in the UK at risk. Critics of the regulator blame its failure to keep pace with seismic changes to the industry.
The above paragraph includes a link to this:
Pricing would come down once these projects are up and running and once we stop basing the cost of a unit of energy on oil regardless of how that unit was produced.
Incompetence begets incompetence.
I love a good Tory bashing. It’s jolly good fun. But this is Daily Mail rant level of absurdity.
every successive winter brings the UK to almost-blackouts
Improving public debate should surely start with representing fact?
Good point. As we head into a risky 2023, here is my counter query: how many times in a row does it need to be a risk before we can say “every winter”?
Great Britain faces rising risk of winter blackouts, system operator warns - Guardian, 2021 - https://www.theguardian.com/business/2021/jul/22/great-britain-faces-risk-of-winter-blackouts-system-operator-warns
What will happen if Britain has winter blackouts? - BBC, 2022 - https://www.bbc.co.uk/news/business-63170747
Ofgem is not independent when it is ran as a government dept. It is the government of the last 14 years who have made all the appointments. The same government that gave 100 licenses out for new sites recently. Sunak’s wife makes millions from oil shares alone.
This is the best summary I could come up with:
In the past two years, wholesale market prices reached record highs, pushing up the number of households living in fuel poverty to almost 7.5m and causing the collapse of almost 30 energy suppliers.
His call for a “more rigorous framework” to support households comes amid growing concern in some quarters that the energy price cap, legislated by the government in 2019, may now be doing the market more harm than good.
Unlike the price cap, the tariff would be set below the cost of supplying energy, so that households in fuel poverty could better afford their bill.
Ofgem has since tweaked the price cap to allow suppliers to recoup the losses sustained last year and remain attractive to investors in the future.
Today, millions more households are in fuel poverty, vulnerable bill payers have been forced on to prepayment meters, small businesses have fallen prey to predatory energy brokers, and Britain’s creaking electricity grids face decade-long queues of renewable energy projects waiting to connect to the power system.
Britain’s power grids, which are regulated by Ofgem, have warned renewable energy developers to expect a 10-to-15-year wait to connect their projects to the network.
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