Reply to post: Re: RE: strike price is almost at a level where there wouldn't even need subsidy...

Electric cars can't cut UK carbon emissions while only the wealthy can afford to own one

Jellied Eel Silver badge

Re: RE: strike price is almost at a level where there wouldn't even need subsidy...

So why are we all still paying this unnecessary subsidy? At the same or higher rate than when the subsidy was first introduced?

Idiots signed bad contracts. So instead of allowing the market to price, the Green Blob got indexation included in power contracts, so 'renewable' power becomes progressively more expensive. Hinkley had the same windfall deal in it's power contracts.

Problem for the UK is a lot of those contracts have been signed, and are for 10-20yrs+, so unless they can be vacated, we're screwed.

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