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<blockquote data-quote="Mad as Fish" data-source="post: 134113" data-attributes="member: 396"><p>It has now emerged that on what is basically the wholesale electricity market in Europe, prices went into the negative on the day of the event for certain parts of the continent.</p><p></p><p>This was due to a surplus of renewable energy that suddenly found itself looking for a new home, yet due to the way it is all set up the producers of that electricity still got paid full whack, and, as I understand it, it's the poor bloody taxpayer who is left to foot the bill.</p><p></p><p>Not that we should ever expect electricity prices to come down as the bill we pay is all about supporting the system, the quangos, the subsidies and so on. Nothing to do with how much it actually costs to generate.</p></blockquote><p></p>
[QUOTE="Mad as Fish, post: 134113, member: 396"] It has now emerged that on what is basically the wholesale electricity market in Europe, prices went into the negative on the day of the event for certain parts of the continent. This was due to a surplus of renewable energy that suddenly found itself looking for a new home, yet due to the way it is all set up the producers of that electricity still got paid full whack, and, as I understand it, it's the poor bloody taxpayer who is left to foot the bill. Not that we should ever expect electricity prices to come down as the bill we pay is all about supporting the system, the quangos, the subsidies and so on. Nothing to do with how much it actually costs to generate. [/QUOTE]
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