10-12-2022, 05:56 PM
Government plans cap on renewable energy revenues
![[Image: _127059569_capture.png]](https://ichef.bbci.co.uk/news/976/cpsprodpb/17953/production/_127059569_capture.png)
Renewable energy generators and nuclear power plants could have their revenues capped under a new government plan.
เกมสล็อตเล่นฟรี The subscription process requires you to initially visit the website and then click on the subscribe button. You will need to enter the information as required by the system.
The move could hit the profits energy companies, like SSE and Scottish Power, generate from record-high wholesale power prices.
Ministers say the proposal would ensure consumers and businesses pay a fair price for energy.
But energy bosses say the plan - for which there are few details - could put off investors.
Currently in the UK, wholesale electricity prices are set by gas-fired generation.
With the price of gas rocketing in recent months, some nuclear power plants and solar and wind farms have made big profits.
This is different at newer facilities, which produce power at an agreed price.
The temporary cap, which will limit the amount generators can make, is set to be introduced in the House of Commons on Wednesday as part of the Energy Prices Bill.
There is little detail about how the revenue cap would work, but the Department for Business, Energy and Industrial Strategy said it would launch a consultation shortly.
It is expected the legislation could come into force in England and Wales at the start of next year, while the government is consulting with the Scottish government to see if it can extend there.
The legislation would also allow the rules to come into force in Northern Ireland.
Renewable energy generators and nuclear power plants could have their revenues capped under a new government plan.
เกมสล็อตเล่นฟรี The subscription process requires you to initially visit the website and then click on the subscribe button. You will need to enter the information as required by the system.
The move could hit the profits energy companies, like SSE and Scottish Power, generate from record-high wholesale power prices.
Ministers say the proposal would ensure consumers and businesses pay a fair price for energy.
But energy bosses say the plan - for which there are few details - could put off investors.
Currently in the UK, wholesale electricity prices are set by gas-fired generation.
With the price of gas rocketing in recent months, some nuclear power plants and solar and wind farms have made big profits.
This is different at newer facilities, which produce power at an agreed price.
The temporary cap, which will limit the amount generators can make, is set to be introduced in the House of Commons on Wednesday as part of the Energy Prices Bill.
There is little detail about how the revenue cap would work, but the Department for Business, Energy and Industrial Strategy said it would launch a consultation shortly.
It is expected the legislation could come into force in England and Wales at the start of next year, while the government is consulting with the Scottish government to see if it can extend there.
The legislation would also allow the rules to come into force in Northern Ireland.