alt Hacker NewsThe interconnection problem is being solved by several large cables down the east coast
Leasing the seabed before you win a CfD auction is a commercial risk but they probably didn't win because their bid price was too high
The interconnection problem is being solved by several large cables down the east coast
Leasing the seabed before you win a CfD auction is a commercial risk but they probably didn't win because their bid price was too high
Their price was too high because it had to include paying back £1B of lease fees that were made as part of another government policy. Comes back to priorities being confusing, if the intention is lower bills why the lease fees, if the purpose is good jobs and independence, why compete on price? If their purpose is national wealth why not partial state funding / ownership?