That EU ruling negatively effected you? That was the best you could find? A. The uk government will tell the commission it wants to keep state aid and subside dirty fuel if it wishes to B. This kind of practice is the sort of thing we should be flagged up on. It’s costly to the uk tax payer and creates pollution. C. The challenge was made from the UK, by a UK citizen and UK company! Not an external force at all.
Truth be told, this EU ruling didn’t really effect you. Or me. Or anyone on this board. The real project fear is making the EU out to be something it ain’t. Here’s some of the article with more detail:
Tom Glover, UK country chair of RWE, which owns the biggest fleet of gas power plants in the UK, said he was “deeply disappointed” and his company was facing a “significant negative hit” to its earnings.
Bernstein Research said the suspension of payments would hit earnings at British Gas owner Centrica, plus RWE, Uniper and SSE.
Sara Bell, founder and CEO of Tempus Energy, which started the challenge in 2014, said: “This ruling should ultimately force the UK government to design an energy system that reduces bills by incentivising and empowering customers to use electricity in the most cost-effective way – while maximising the use of climate-friendly renewables.”
The company believes that the capacity market favours fossil fuel generation at the expense of alternative ways of securing electricity supplies, such as “demand side reduction”, where companies reduce electricity demand at times of need.
The winter of 2017/18 was the first year the capacity market was in effect, with companies due to receive £990m for 2018/19.
The scheme works by energy companies bidding years in advance for billpayer-funded subsidies to provide backup power at crunch times during winter.
Labour said the ruling meant that the government would have to rethink the market.
Alan Whitehead, shadow energy minister, said: “This judgment effectively annuls previous state aid permission to provide subsidies for existing fossil fuel power plants. I have long criticised this bizarre arrangement, which simply throws money at old dirty power stations.”
Richard Black, director of the ECIU thinktank, said the ruling should be seen as an opportunity for the government to reshape the market away from fossil fuels and towards battery storage and cleaner technologies.
Clark said the government was already in contact with the European commission and seeking state aid approval, so the capacity market could be reinstated. The business secretary used his speech to celebrate the rise of renewables. “Cheap power is now green power,” he said.
Don’t let complex truth get in the way of simple lies.
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