
Checking the arithmetic behind Britain's energy bet — and the political economy around it. Physics first, tribe never.
| Platform | Pricing | Only free issues | Publishes | Weekly | |
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| Issues | 57 | Founded | 5 years ago | Last Issue | 7 days ago |
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This week on the Subsidy Clock we are looking at the scheme with the dullest name and the largest bill: the Renewables Obligation. It stands at over £92 billion. That makes it the largest subsidy on Britain’s electricity market, and the qui...
THIS WEEK ON the Subsidy Clock we are looking at the direct subsidy: Contracts for Difference. It stands at £14.7 billion. What that number means, and where it is heading, is the subject of this essay.
The occasion is an auction. In Januar...
AS MY BOOK “The Energy Trap” heads towards publication, I’m starting work on its followup. This one will be called “The Grid: A User’s Manual”. It will be an explanation, in the jargon-free style of “The Energy Trap”, of how our electricity...
A few weeks ago I switched on the Subsidy Clock: a single, live figure for what the energy transition has cost us, every pound traced back to an official source. But a total is only as useful as our grasp of what sits behind it — and the Cl...
ON THE evening of 23 June, with a heatwave settling over Britain and much of Europe, the National Energy System Operator did something it had never done in summer before. It issued an Electricity Margin Notice: a formal signal to the market...
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The writers behind this newsletter.
I'm a former senior oil and gas operations manager with 35 years of international experience, and academic qualifications in electrical engineering and power systems, petroleum engineering, and energy economics.
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