More that they operated on a super low cost (underhedged) basis and sold deals that they could not afford when the price spiked, and the Govt is now going to honour the deeply lossmaking contracts they struck with customers. Redistribution of a sort I guess.I read it twice, billion. They must have run up some very big debts.
I have looked at some articles but am unconvinced.Carbon capture is a pipe dream and is unlikely ever to be practicalSurely you should read a few of these articles first before dismissing them!Read a few of the articlesAgree.
Basically the earth needs more trees and fewer people, but that is hard to achieveI have looked at some articles but am unconvinced.
Here is what the Canadian pellet industry says
Canada’s forests are some of the most resilient and sustainably managed in the world. They are subject to stringent environmental regulation, carefulwww.canadianbiomassmagazine.ca
Here is an extract
“Canada’s forest sector harvests less than one per cent of Canada’s commercial forests each year. The wood pellet sector uses only a tiny fraction of the harvest, totally less than 0.04 per cent of Canada’s annual forest harvest. However, pellet producers are using the portion of the forest – sawdust, shavings, harvest residues and low-quality logs – that has been rejected by the other traditional forest sectors – sawmills, pulp mills, and panel-board plants.“
So the pellets are made from wood sawdust and shavings plus other wood not suitable for lumber, paper or boards. When the wood grew it took carbon out of the atmosphere, burning puts it back.
What would you do with this material. Compost it and produce methane which apparently is a worse greenhouse gas than co2. Stop cutting down the trees and do without wood, paper or boards. Replace all wood products and paper with plastic! That question needs to be answered by the critics of biomass.
So we should give up trying? No, I still think the ideal is well regulated government run systems, we simply need to try harder.it should be possible for state-run utilities to be well run ...
They never, ever were - that's why why they were privatised in the first place. They were run for the benefit of the people working in them not their customers.
They've got ~1.7 million customers; so 1.7 billion is only a "cover" of £1000 per customer. Given the rise in the gas wholesale price that does seem like a realistic figure to cover the shortfall for a few months.Yep, just read that the Treasury has set aside 1.7 billion to cover costs to keep it going over winter.
I read it twice, billion. They must have run up some very big debts.
That may well be the case and I am not condoning it, but that is implementation. I cannot see anything wrong with the scenario claimed by the Canadians, namely that “the pellets are made from wood sawdust and shavings plus other wood not suitable for lumber, paper or boards. When the wood grew it took carbon out of the atmosphere, burning puts it back”.There are huge plantations in the U.S. purpose grown for turning into pellets. They have stripped the places of natural undergrowth and native trees to do this, creating areas with next to no undergrowth so next to no birds and other wildlife. Drax apparently creates more pollution burning its twenty five million trees per annum than it did burning coal - I should have kept those articles but didn't.
They probably grasp larger concepts perfectly well. It was just an observation to make illustrate the idiocy of believing all your electricity comes from a renewable source. If you add up all the electricity used on a cold, windless night sold by companies promising 100% renewable it would easily outweigh all renewable electricity produced. What they would like to do and hope to do in the future has little to do with it.For someone to make the old comment about "green electron" filters on the householders electricity meter is basically a statement as to their (probably deliberate) inability to grasp larger concepts.
Yes, I'm really struggling with the concepts here. I really did think my meter had a green electron filter.For someone to make the old comment about "green electron" filters on the householders electricity meter is basically a statement as to their (probably deliberate) inability to grasp larger concepts.