4 ms·

I've basically only just seen this stuff started to be discussed critically in the media in fairly recent years. not including $work discussions with energy tr

by mhh__ 5mo ago

I've basically only just seen this stuff started to be discussed critically in the media in fairly recent years. not including $work discussions with energy traders.

tialaramex 5mo ago
> in fairly recent years Although this financial instrument dates from late last century, its use in energy markets is much newer, the UK began using CfDs for electricity about a decade ago. So, yeah, if you recall conversation about wholesale electricity prices back in 2010 they wouldn't have mentioned CfDs for the same reason they didn't mention the effect of Russia's invasion of Ukraine, it hadn't happened yet. Back then renewable electricity generation schemes were subsidised very differently.
ZeroGravitas 5mo ago
Why are you hearing it discussed critically? It's a great British innovation that has demostrably made the world a better place and provided the UK (and others who have copied it) with big investments in cheaper and cleaner energy.
- mhh__ 5mo ago
  Recent piece in critic magazine by Chris bayliss for example.
  - ZeroGravitas 5mo ago
    Oh I see where you've gone wrong then: https://www.desmog.com/2026/04/28/reform-donor-jeremy-hosking-partners-expands-fossil-fuel-portfolio-to-300-million/ https://www.desmog.com/2026/04/28/reform-donor-jeremy-hoskin... > A major right-wing political funder has dramatically increased his fossil fuel investments this year, DeSmog can reveal. > Jeremy Hosking, who owns the hedge fund Hosking Partners, donated £1.7 million to Reform UK between 2019 and 2024. The party, led by Nigel Farage, campaigns to scrap the UK’s flagship 2050 net zero emissions target, remove environmental protections, and turbocharge new fossil fuel extraction. > Hosking also owns The Critic magazine, which frequently attacks climate policies and supports new North Sea oil and gas exploration. Its current edition carries a cover story titled “The Green Myth: Fossil Fuels are Britain’s Real Energy Source”. ... > Its current cover story is written by contributing editor Chris Bayliss, who argues that renewable energy is unreliable and expensive. In a follow-up piece online, he blames “elite” support for net zero on “climate hysteria”. > Bayliss is a former civil servant who works in the energy sector in Iraq. He’s the Iraq Country Lead for IM Power, which runs liquefied natural gas (LNG), oil and coal power plants, offers “oil and gas refining, storage and pipeline solutions”, and works to “maximise value from hydrocarbon resources
    - mhh__ 5mo ago
      Do you have any substantial counterargument beyond "you aren't allowed to think that"?
      - ZeroGravitas 5mo ago
        No, I'm hereby banning you from reading obviously biased sources of partisan information that has been repeatedly proven false by logic, reason and experience.
        mhh__ 5mo ago
        > experience We have some of the most expensive energy in the world, what gives? I was told renewables were cheap Would you rather be biased or blind?
        tialaramex 5mo ago
        > We have some of the most expensive energy in the world, Some of the most expensive fossil fuel energy in the world it's true. So, we should be striving to reduce that further, like Spain, right ?
        mhh__ 5mo ago
        We have already done that. Do you know why gas often sets the price?
        tialaramex 5mo ago
        Because it's the most expensive used generation almost always? But I'd actually be interested in seeing the underlying market data, even say for a week ago. Actually seeing the underlying offers really helps you to properly understand what the future looks like. For example, right now wholesale is about £70 per MWh. What did the underlying bids and offers look like to hit that price ? How much CCGT was available for less than £50 ? 10MW ? 100 MW? 1 GW ?

by mhh__ 5mo ago

I've basically only just seen this stuff started to be discussed critically in the media in fairly recent years. not including $work discussions with energy traders.

tialaramex 5mo ago

> in fairly recent years Although this financial instrument dates from late last century, its use in energy markets is much newer, the UK began using CfDs for electricity about a decade ago. So, yeah, if you recall conversation about wholesale electricity prices back in 2010 they wouldn't have mentioned CfDs for the same reason they didn't mention the effect of Russia's invasion of Ukraine, it hadn't happened yet. Back then renewable electricity generation schemes were subsidised very differently.

ZeroGravitas 5mo ago

Why are you hearing it discussed critically? It's a great British innovation that has demostrably made the world a better place and provided the UK (and others who have copied it) with big investments in cheaper and cleaner energy.

mhh__ 5mo ago
Recent piece in critic magazine by Chris bayliss for example.
- ZeroGravitas 5mo ago
  Oh I see where you've gone wrong then: https://www.desmog.com/2026/04/28/reform-donor-jeremy-hosking-partners-expands-fossil-fuel-portfolio-to-300-million/ https://www.desmog.com/2026/04/28/reform-donor-jeremy-hoskin... > A major right-wing political funder has dramatically increased his fossil fuel investments this year, DeSmog can reveal. > Jeremy Hosking, who owns the hedge fund Hosking Partners, donated £1.7 million to Reform UK between 2019 and 2024. The party, led by Nigel Farage, campaigns to scrap the UK’s flagship 2050 net zero emissions target, remove environmental protections, and turbocharge new fossil fuel extraction. > Hosking also owns The Critic magazine, which frequently attacks climate policies and supports new North Sea oil and gas exploration. Its current edition carries a cover story titled “The Green Myth: Fossil Fuels are Britain’s Real Energy Source”. ... > Its current cover story is written by contributing editor Chris Bayliss, who argues that renewable energy is unreliable and expensive. In a follow-up piece online, he blames “elite” support for net zero on “climate hysteria”. > Bayliss is a former civil servant who works in the energy sector in Iraq. He’s the Iraq Country Lead for IM Power, which runs liquefied natural gas (LNG), oil and coal power plants, offers “oil and gas refining, storage and pipeline solutions”, and works to “maximise value from hydrocarbon resources
  - mhh__ 5mo ago
    Do you have any substantial counterargument beyond "you aren't allowed to think that"?
    - ZeroGravitas 5mo ago
      No, I'm hereby banning you from reading obviously biased sources of partisan information that has been repeatedly proven false by logic, reason and experience.
      - mhh__ 5mo ago
        > experience We have some of the most expensive energy in the world, what gives? I was told renewables were cheap Would you rather be biased or blind?
        tialaramex 5mo ago
        > We have some of the most expensive energy in the world, Some of the most expensive fossil fuel energy in the world it's true. So, we should be striving to reduce that further, like Spain, right ?
        mhh__ 5mo ago
        We have already done that. Do you know why gas often sets the price?
        tialaramex 5mo ago
        Because it's the most expensive used generation almost always? But I'd actually be interested in seeing the underlying market data, even say for a week ago. Actually seeing the underlying offers really helps you to properly understand what the future looks like. For example, right now wholesale is about £70 per MWh. What did the underlying bids and offers look like to hit that price ? How much CCGT was available for less than £50 ? 10MW ? 100 MW? 1 GW ?