From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

Just a few simple numbers behind December’s CfD results:

• Generation: 2.6 TWh
• Subsidy/MWh : £86.68
• Market Price/MWh: £75.00

Market prices have ranged from £142/MWh at the start of the month when wind power was at a minimum, to £6/MWh during Storm Gerrit.

If this does not show the worthlessness of wind power, I don’t know what does! Its value is minimal when the wind blows; it only has any real value when the wind does not blow!

But because of subsidies, wind farms rake in the money whether the wind blows or not; their price is guaranteed. It is dispatchable generators, such as gas and nuclear, which have to pay for this market volatility.