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A place to post links and discussions around the UK's energy production, National Grid, energy consumption, and green energy news.

See https://grid.iamkate.com/ for the UK's current energy production and sources.

Created 23/07/23

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UK’s wasted wind power laid bare by new Octopus tracking tool (www.rechargenews.com)

submitted 2 days ago by [email protected] to c/[email protected]

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Britain wasted £649m already this year powering down wind farms as there is not enough grid capacity to send renewable energy where it is needed, utility finds

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[–] [email protected] 2 points 1 day ago (4 children)

Are they not a for profit company?

[–] [email protected] 3 points 1 day ago (3 children)

Yes. What's that matter?

[–] [email protected] 1 points 1 day ago (2 children)

I guess I'm just wondering why a for-profit company would want to incentivize price drops for consumers

[–] [email protected] 3 points 1 day ago* (last edited 1 day ago)

Octopus was set up because they felt they could use technology to out-compete other energy companies by under-cutting them. Their model of operating is to find ways they can drop prices.

It's a model that has served them very well, going from zero to a multi-national energy supplier in about 10 years with more customers than nearly anyone else.

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