Ok so we should be entitled to a refund once they finish crunching all the numbers. I mean all this renewable energy being sold at a massive profit who is profiting from it? And when will they be made to give it back.
Ok I think we need a bit detail. What payments and over payment of what exactly?The CfD payments go to the Low Carbon Contracts Company (LCCC) which is an independent limited company owned by Business, Energy and Industrial Strategy (BEIS). These payments are used to protect consumers from over-payment.
Ok I think we need a bit detail. What payments and over payment of what exactly?
from November 2021 to January 2022, CfDs have already paid back £114.4 million to energy suppliers. This is equivalent to each household saving £6.46.
While this may seem small now, further renewables are set to come online over the next five years, through the scheme, leading to each household saving £97.53 per year by 2027.
Could have been worse? We have a multi-multi millionaire in Sunak who not only doesn’t have a clue how the majority of people in this country live, but also has been boasting about how he funnelled money away from poorer communities and into the hands of the well off.It's absolutely crazy that this is all going on and we're going to have "Pork Markets" Liz Truss in charge.
What do the LCCC do with that money?CfD - When the energy price goes over the agreed strike price, renewable generators pay back this difference back to the LCCC, this protects consumers from over paying for renewable energy.
What do the LCCC do with that money?
Could have been worse? We have a multi-multi millionaire in Sunak who not only doesn’t have a clue how the majority of people in this country live, but also has been boasting about how he funnelled money away from poorer communities and into the hands of the well off.
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Watch: Sunak boasted about taking taxpayer money out of 'deprived urban areas' to help wealthy towns
"This is our money. It should be spent fairly and where it’s most needed - not used as a bribe to Tory members."www.thelondoneconomic.com
Oh do they now. Surely you just take it off at the point of sale that way you don’t need another layer of administration and therefore cost.See above [https://forums.overclockers.co.uk/t...-strictly-no-referrals.18948056/post-35768583]
They give it back to energy suppliers, which helps reduce your bill.
It’s only the recent huge increase in gas price which has made this an issue. Previously the CfD process has been effective to managing renewable pricing and cost recovery.
It’s also massively complicated to implement into the contracts already in place.
Renewable energy is not cheap eitherIt’s only the recent huge increase in gas price which has made this an issue. Previously the CfD process has been effective to managing renewable pricing and cost recovery.
It’s also massively complicated to implement into the contracts already in place.
It will be unaffordable for many. A significant reduction in quality of life. Clearly this source of energy and way it being managed/owned is not viable if it can impact people in such a negative way.Yeah I've seen those forcasts, and they are basically suggesting energy prices won't be back around the 1000-1200 mark until well beyond 2023, possibly even 2025 if at all. That would be catastrophic without intervention for a bulk of society.
At that rate and with inflation potentially hitting 15% this year, you'd need £25k just to afford the basic necessities, let alone have any form of comfort. Full time at the current NMW doesn't even come close to being enough.
Result for who exactly?If it gets back to 2k a year I think that would be a result. Not expecting better until something like fusion is a goer
I agree it needs to be improved decoupling gas from renewable however it is unreasonable to assume Putin doing what he is doing and the embargoes with Russia were not got to affect us. but blame Putin and his cronies for that.It will be unaffordable for many. A significant reduction in quality of life. Clearly this source of energy and way it being managed/owned is not viable if it can impact people in such a negative way.
Blaming Putin isn’t going to solve anything though. We are to blame for our own situation and I thought no one wanted Russia’s gas and oil anymore.I agree it needs to be improved decoupling gas from renewable however it is unreasonable to assume Putin doing what he is doing and the embargoes with Russia were not got to affect us. but blame Putin and his cronies for that.
Best result can hope for in near term. I don't see it ever getting much lower than thatResult for who exactly?
That’s still going to affect a lot of people though.Best result can hope for in near term. I don't see it ever getting much lower than that
Its probably not for this thread as there is another one going on this topic in speakers corner.It's absolutely crazy that this is all going on and we're going to have "Pork Markets" Liz Truss in charge.
I know I respondong to someone saying the system isn't working. ..... there is more that needs to be done but global disasters are going to cause problems. too many people are trying to use this to suggest frakking and coal is the answer and that renewables don't work. my view is renewables have to work even if it means government having to step in for a few years.Blaming Putin isn’t going to solve anything though. We are to blame for our own situation and I thought no one wanted Russia’s gas and oil anymore.