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Jaime Jessop's avatar

Profoundly depressing. It's almost like Contracts for Difference have been deliberately designed to drain the public purse and transfer wealth to private corporations and investors (many of them overseas), however favourable or unfavourable the weather conditions are as regards renewables electricity generation. Now they're going to try to close the one loophole whereby companies are paid nothing if the electricity market price drops below zero by building more and more extremely expensive battery backups to absorb the extra capacity when the wind is blowing strongly across the country - which will mean even more profits for them when they sell the stored electricity back to the grid.

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Ian Braithwaite's avatar

David, thank you. I think but for you and Gordon Hughes, I'd be largely in the dark as to what's actually going on here. I see much more from the USA and it all tallies. I don't spend much time following established news media, but I'm not aware of any incisive questioning taking place.

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