By Paul Homewood
h/t Ian Magness
Why on Earth does the Telegraph keep falling for the renewable con?
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Households could have free electricity on certain days of the week as Ed Miliband’s green energy revolution boosts supplies, the boss of EDF Renewables has said.
Matthieu Hue, chief executive, said the increasing role and capacity of renewables such as wind and solar in the UK’s electricity system meant supply would sometimes exceed demand, driving down prices.
Sundays were the most likely day that energy would be made free for households, Mr Hue suggested, because demand for electricity was usually lowest when many businesses were closed.
Speaking at the Labour Party Conference, Mr Hue said: “Demand is not the same every hour of the day, or every day of the week. There are a number of companies, including EDF, who believe that electricity will be free [at some times] – perhaps on a Sunday.
https://www.telegraph.co.uk/business/2024/09/23/free-energy-sundays-miliband-green-revolution-edf/
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We know of course why EDF are pushing this lie, because they benefit very nicely from the subsidies they garner.
Will they actually sell their wind and solar power for free on a Sunday? Of course they won’t.
If there is too much renewable energy at such times, they will be paid obscene constraint payments to switch off. And if wholesale market prices drop to low levels during spells of windy weather, guess what – they will still be paid their guaranteed strike price, or massive ROC subsidies.
The cost of producing wind power in total terms does not alter – if you give it away for free on a Sunday, you have to charge more for the rest of the week.
It really is as simple as that. But the Telegraph’s Jonathan Leake clearly does not understand simple economics.
