Smart export tariffs introduced.

[SteamyTea]

52 minutes ago, MikeSharp01 said:

Just another money for old rope monopoly. 

But it has enabled 2.7 GW_p of domestic (up to 4 kW) installed capacity in the last 10 years.  That is out of a total of 12.95 GW_p. 

That compares favourably with our nuclear program, which has installed nothing new and is only going to add a couple of GW_p.

So if one used the 1 MWh generation for each 1 kW_p installed, all PV now generates ~13 TWh/year

Hinkley could produce about 16.6 TWh/year at 95% of full capacity.

There is about 950,000 sub 4 kW in the UK, so if the premium was £1,500, that is ~£1.425 bn.

I cannot find a figure for how much Hinkley has cost so far, but i will guess it is more than the MCS premium.

 

Edited February 15, 2020 by SteamyTea

[Jeremy Harris]

I suppose there's also an argument that the "MCS premium" was just redistribution of the government subsidy, from those that invested in systems to those that installed them.  Looked at from a monetary perspective there was may even have been a short term benefit to the government that was greater than the FiT subsidy payments, in that a part of the MCS premium would have ended up as tax revenue.  Be interesting to try and see how the numbers work out.

[SteamyTea]

1 minute ago, Jeremy Harris said:

Be interesting to try and see how the numbers work out.

Around 17.5% of  the installed prices.

So assuming a mean installed price of £7,000, and around 1 million installs, that will be £1.225bn.

So not far out.