BOOM UK energy minister slams wind farms for overstating output, netting millions, while Ofgem announces regulatory investigation. All following an @business article edited by the inestimable @alexcampbell w/@_ToddGillespie https://t.co/sz6ft7XnbT
— Gavin Finch (@GavinFinchBBG) February 2, 2024
Who would have though that Nanny's green energy companies would in fact be lying scumbags?
Bloomberg analysed records from 2018 through June 2023 to compare wind operators' daily generation forecasts to their actual production when they weren't curtailed. Out of 121 wind farms in the analysis, 40 overstated their output by 10% or more on average, and 27 of those overestimated by at least 20%
This in turn caused energy prices to be over charged, because Nanny pays them to stop generating when capacity is full.
Energy regulator Ofgem is investigating the claims that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018.
Ofgem said it was investigating the alleged behaviour and has asked the Energy System Operator (ESO) to look into the matter.
“Ofgem will work closely with the ESO to consider all the facts and if it finds evidence of egregious action or market abuse, enforcement action will follow."
What will Greta say?
Net zero is the road to ruin, it will bankrupt the West and transfer wealth to China.
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