From April my electricity bill is doubling - l have always chosen to use 100% #renewableenergy. The extra money l pay isn't going to my service provider its going to the wholesale market. The UK Chancellor receives a rebate when price received by renewable producers exceeds /1
the price guarantee cap. So if fossil fuel prices spiral green customers get clobbered too. That's a tax on renewables that has nothing to do with global gas £ prices. We are being fleeced during this period of high global gas prices. Nothing has changed in renewable supply ./2
This means that there is absolutely no incentive for anyone to ever do the right thing & consider the #ClimateEmergency This pricing structure has to change. But it gets worse, any domestic producer of renewables according to the current formula doesn't benefit from 🔺prices ../3
The Feed-In-Tariff price contracts are fixed annually. So l contribute to the grid, receive a fixed price, which is sold by my buyer to the @nationalgriduk at a variable rate & they pocket the difference. The gap is huge & it a double con trick ./4
Sell cheap, buy high. Invest in renewables but be priced for fossil fuels. This is not the way to move people to #NetZero. People need carrots to see that the green option is fairly priced not held hostage to fossil fuel price volatility. @RishiSunak & @KwasiKwarteng fix this!
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