Itsallaguess wrote:Two caveats in the detail of the above article are that BP plan on using some of the generated electricity themselves, which implies a level of internal-saving that might go some way to mitigate the loss of any subsidies, and there's also some doubt relating to what's seen as 'ambitious' timescales on these two projects, but even taking those aspects into account, I think that seeing large-scale projects being discussed and planned in these 'subsidy-free' terms is clearly going to be helpful where the public has persistently been sold a promise of cheaper energy for many years now, but has yet to see any 'value' of this local-generation in their pockets...
Cheers,
Itsallaguess
I predict more companies building generation for themselves rather than to supply the grid. After all you don't get windfall taxed on electricity that you don't sell.
I'm less convinced that the "electricity too cheap to meter" promise can be achieved. Indeed while I have invested in UK renewable energy in the past, I'm unwilling to do so now that we have the windfall tax. Lack of investment and additional generation, that's going to bring the price down isn't it?
Subsidies, they are supposed to be incentives aren't they? Taxes, remind me again why fags, booze and sugary drinks are taxed the way that they are. It's supposed to be a disincentive isn't it?