Why Wind Farms Are Paid Millions to Turn Off
Big Take31 Tammi 2024

Why Wind Farms Are Paid Millions to Turn Off

The UK is in the midst of a green energy transformation, with more than 40% of its electricity coming from wind power as of December. But wind can be unpredictable and the grid can’t always handle the power wind turbines generate on blustery days — and so to protect the grid, operators sometimes pay wind farms to power off.

After Bloomberg’s investigations team received a tip about troubling inaccuracies in the data used to calculate these payments, our reporters went looking for answers. And they found a big problem lurking in the UK’s renewable energy market: some wind farm operators were routinely overestimating their production forecasts, and traders and market experts say that, in effect, they’re getting paid to stop producing power that they wouldn’t have produced anyway.

According to Gavin Finch and Todd Gillespie, the reporters who led this investigation, the price tag for consumers is in the millions of pounds. And with the UK aiming to triple the number of wind turbines in the country by the end of the decade, those costs could increase.

See omnystudio.com/listener for privacy information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(964)

How India’s Cockroach Party Became a Political Force

How India’s Cockroach Party Became a Political Force

Weeks of student-led protests forced the resignation of India’s education minister, in a rare public setback for Prime Minister Narendra Modi. On today’s Big Take Asia podcast, guest host Rebecca Choo...

28 Heinä 18min

Trump Rebuilds His Tariff Wall, Brick by Brick

Trump Rebuilds His Tariff Wall, Brick by Brick

As President Trump paused strikes on Iran over the weekend, he ratcheted up pressure on another front: his renewed trade war. On Friday, the US president imposed levies of 10 or 12.5% on 60 economies,...

27 Heinä 16min

Weekend Listen: Can the US Actually Tax Billionaires?

Weekend Listen: Can the US Actually Tax Billionaires?

As wealth becomes increasingly concentrated — and artificial intelligence threatens to shift even more income from workers to investors — has the US tax system become outdated? On this Weekend Listen,...

26 Heinä 23min

One Weird Trick to Get Your Credit Card Charge Reversed? Fraud.

One Weird Trick to Get Your Credit Card Charge Reversed? Fraud.

American consumers disputed nearly 30% more credit card transactions in 2025 than they did just four years earlier. Some of those “chargebacks” are legitimate issues or outright scams. But increasingl...

24 Heinä 15min

Almost $1 Billion Later, the US Still Can’t Manufacture Medical Gloves

Almost $1 Billion Later, the US Still Can’t Manufacture Medical Gloves

After the pandemic-era run on medical gloves, the US government set a plan in motion to reshore manufacturing. Roughly six years and almost $1 billion later, America is once again facing potential sho...

23 Heinä 16min

The Trump Insiders Who Shaped Crypto Law

The Trump Insiders Who Shaped Crypto Law

How did Tether — the largest stablecoin issuer in the world — go from fighting stablecoin regulation to supporting the Genius Act? That’s the subject of a new Bloomberg News investigation into how Tru...

22 Heinä 20min

Chasing the Ancient Stolen Statues of Cambodia

Chasing the Ancient Stolen Statues of Cambodia

When a 1,000-year-old Cambodian statue came up for auction at Sotheby’s in New York, it sparked off an investigation that uncovered one of the world’s most extensive art trafficking networks. On today...

21 Heinä 20min

Polymarket and Kalshi Grapple With A New Class of Insider Trader

Polymarket and Kalshi Grapple With A New Class of Insider Trader

From celebrity wedding details to the timing of military strikes, prediction markets have opened the door to gambling on almost anything. They’ve also created a new class of insider trader that platfo...

20 Heinä 20min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
ootsa-kuullut-tasta-2
uutiscast
otetaan-yhdet
rss-vaalirankkurit-podcast
rss-seksicast
rss-podme-livebox
tervo-halme
aihe
politiikan-puskaradio
rss-girls-finish-f1rst
et-sa-noin-voi-sanoo-esittaa
linda-maria
rikosmyytit
rss-mina-ukkola
rss-raha-talous-ja-politiikka
rss-asiastudio