By Paul Homewood
Back in March, the Energy and Climate Information Unit, a think tank funded by green billionaires, made a great deal of noise about so-called “negative subsidies” paid out under the Contracts for Difference Scheme. With market prices for electricity having soared, generators in the scheme found that they were having to pay back large sums of money into the scheme, rather than taking money from it as they normally do.
The sums involved are not insignificant. The net repayment into the scheme was £133 million in the final quarter of 2021, and the ECIU declared, somewhat breathlessly, that consumers have benefited to the tune of £660million by April 2023.
One small (well, rather large actually) problem with this claim was that the beneficiaries of these repayments were actually the electricity suppliers. That’s because the CfD scheme only dictates that the money gets that far: there is…
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Utopia, you are standing in it! 
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