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Worksheettoday at 3:58 PM0 repliesview on HN

Chris Norbury, CEO of E.ON UK said:

"Some of the modelling we have suggests that you could get to a position by 2030 where if the wholesale price was zero, bills would still be the same as where they are today because of the increase in non-commodity costs."

Fixed costs are enormous and are increasingly driven by paying for the CFDs that back up the economics of wind. The CFD scheme allows wind producers to de-risk from market prices by locking in a fixed price with the government who then recover this from bills.

So, yes you get to enjoy low variable costs when it's windy, but you pay for the priviledge year round.

I do think that wind has a part to play in the UKs long term energy mix, but by this point I'm happy to call the current scale-up a complete false economy.

Household and industrial electricity bills are double what they were in real terms 15 years ago.