Revenue from big power companies’ wind farms is multiplying as electricity prices soar

Up to last year, most wind farms in the Republic earned either €72.69 MW/h or €75.24 MW/h, the minimum prices they are guaranteed under the State’s the Renewable Energy Feed-in Tariff support scheme.

Energia, which owns about 300MW of wind power, said volatility made price predictions impossible. It added that renewable and gas generators last year “offset significant financial losses” in its retail business. The group pointed out that it recently pledged to protect financially vulnerable customers for the rest of the year.

Wind farms with the capacity to supply 4,000MW of electricity benefit from REFIT, while those that operate under the new Renewable Energy Support Scheme, which includes the refund requirement, only amount to 156MW.

So he’ll maybe think about it? Lessons could be learnt.

Pledges to consider.... ffs

“I pledge that i will think about” ffs 😂😂

It’s kWh not kW/h

Failed government to protect the poorest investing in the super rich.

Michèal Martin pledges to consider irish space program 🤔 Same vibes as the times headline 🤦‍♂️🤦‍♂️🤦‍♂️

He’s only considering it as other countries have done this already.

'considering', in other words, Not happening,

Thank you Oh benevolent leader. You useless snivelling craven weasel. MEHOLE MichealMartinTD

Does anyone listen to anything this corner boy has to say these days?

Yeah... We ALL Believe You Mickey Martin,.. NOT!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taoiseach says Government will consider windfall tax on energy companies in BudgetTaoiseach Micheál Martin has said that the government will consider introducing a windfall tax on energy companies in the upcoming Budget. Windfall tax does NOTHING to help people pay their energy bills. Gov't using this crisis as a means to rake in more tax. Cap energy prices or give every household a lump sum. Just do it, but cap prices too Why don't they install wind farms near people home and supply them with free electricity. Why tax wind doesn't make sense unless you want people to suffer even more and the richer get richer.
Source: thejournal_ie - 🏆 32. / 50 Read more »