alt Hacker NewsIt's a contract for difference, so that 9p is paying for both the infrastructure and the cost of the electricity it produces I believe.
Replies
kypro • today at 11:44 AM
But surely it's not an apple to apples comparison?
Wind farms can only generate electricity when it's windy. While you might be able to get cheaper energy from wind when it's windy, but unlike other technologies such as gas or nuclear with wind you still need to build out and maintain infrastructure for base power load when it's not windy.
Surely you need to factor that double build cost in with wind and solar since it's not required if you were to build out say nuclear power plants with similar output?
Or am I wrong?
➕ show 6 replies
When the market price is higher than the CfD price then the excess is used to reduce future electricity bills
https://www.lowcarboncontracts.uk/our-schemes/contracts-for-...