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UK power companies threatened with legislation to limit revenues

Financial Times LogoFinancial Times1 mo ago

UK power companies threatened with legislation to limit revenues - Financial Times

Quick Summary:

The proposed 15-year fixed price contracts would be similar to the newer “contracts for difference” agreements that are already used by the government to incentivise new offshore wind farms.

Generators have been arguing for contracts that only cover unhedged volumes but they would have little effect on wholesale power prices this winter — or possibly even next year.

These legacy “renewables obligations” have led to some energy companies making huge profits as wholesale electricity has followed gas prices and risen to record levels since Russia’s invasion of Ukraine.


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Article Details

Author / Journalist: Nathalie Thomas

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-04 @ 14:50:27 (1 months ago)

News Timezone: GMT -5:00

Ranking: #1740 (out of 3262 stories this day)

News Source URL: ft.com

Language: English

Article Length: 687 words

Reading Time: 4 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 722290

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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  • URL: https://beamstart.com/news/uk-power-companies-threatened-with-16648962996177

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