Compensation payments for unwelcome transmission lines all over the place obviously crank up the build costs of wind power even further. Add to the list of net zero charges.
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City AM summary (via OilPrice.com):
>> Nick Winser’s report proposes streamlining the planning process for building new electricity transmission lines from 12-14 years to just seven, in line with the timescales for the development of large offshore wind farms.
>> He suggests changes to planning rules to fast-track new transmission infrastructure as a strategic asset and establishing community benefits, including lump sum payments for households near new lines and a community fund for areas affected by new projects.
>> Winser also calls for reforms to the queueing system for new projects and the rapid development of the Future Systems Operator to oversee the country’s electricity and gas systems, coordinate projects, and forecast supply and demand characteristics.
. . .
The report forecasts that the fees paid to generators to switch off when supply outstrips demand could rise from around £500m-£1bn in 2022 to a peak of £2bn-£4bn per year by around 2030, even if all current investment is delivered on time.















