Apparently the intended purpose of these auctions is to keep energy prices high, which is just completely disgusting to me. Capitalism is holding back so much progress.
this post was submitted on 17 Aug 2023
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This is the best summary I could come up with:
New offshore windfarms will be strangled by government red tape, costing UK billpayers £1.5bn a year, an analysis has found.
The latest government auction for new offshore windfarms, due to be completed in September, could result in few projects making it through Treasury rules, according to the Energy and Climate Intelligence Unit (ECIU), a non-profit organisation.
Rules set by the Treasury do not take account of predictions that the gas price will stay high and put an arbitrary limit on the number of farms that can be contracted.
Energy experts have criticised the government for giving tax breaks to oil companies and not allowing windfarms to thrive.
Jess Ralston, an energy analyst at the ECIU, said: “The government seems to be focused on North Sea gas licences and tax breaks for oil companies that won’t bring down bills, while tying up offshore wind farms that generate electricity cheaper than gas in red tape.
A spokesperson for the Department for Energy Security and Net Zero said: “We do not recognise these figures – last year’s Contracts for Difference scheme auction was the largest ever, issuing contracts to nearly 100 clean tech projects, and we increased this year’s budget to reflect the large volume of eligible applications received.
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The government is doing so much to harm the move to clean solutions for electrical energy.
- They cancelled the feed in tariff and now at best you can get about 1/3, most energy companies give you 1p for something they can sell for 35p. There is no net metering which would seriously help home energy projects for solar and wind without the need for expensive batteries.
- There is around 5x the countries current energy needs in solar projects waiting on the National Grid to make it possible for the projects to go ahead. The queue goes out to 2035 and there is no extra investment coming to try and make this happen earlier. These alone could be enough to completely transition all electrical energy to solar.
The entire transition is being intentionally slowed down by government, they wont invest in it and instead are trying to build as many barriers as possible. Its becoming very difficult to build energy projects that aren't gas on a personal or business level.