Although some wind and solar operators have made exceptional profits over the past year, they would be better served by a system that provided steady remuneration for their capital costs, without having to rely on occasional hourly peaks in prices that are driven by the cost of fossil fuels.
To date, reform of the EU and British electricity markets to meet these challenges has been ad hoc. In some cases the fixes adopted have made things worse To date, reform of the EU and British electricity markets to meet these challenges has been ad hoc. In some cases the fixes adopted have made things worse. Today’s mix of support mechanisms for producers is one that’s unnecessarily costly for consumers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: