Ofgem to investigate claims of UK wind farms overcharging billpayers £millions

Scottish offshore wind project [image credit : urbanrealm.com]

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Scottish offshore wind project [image credit : urbanrealm.com]

We knew wind farms were also subsidy farms but this could be even worse. Why ‘regulators’ need to get informed by the media before noticing anything wrong, or potentially wrong, is another question.
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Energy regulator Ofgem is investigating the claim that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018, says CityAM.

A Bloomberg report found that 40 out of 121 studied projects overstated their output by ten per cent on average and one-sixth (27) of wind farms were found to be overstating by at least 20 per cent.

Ofgem said it was investigating the alleged behaviour and has asked the Energy System Operator (ESO) to look into the matter.

“Ofgem will work closely with the ESO to consider all the facts and if it finds evidence of egregious action or market abuse, enforcement action will follow,” the spokesperson told City A.M.
. . .
Bloomberg caveated its report saying that while it is “impossible to determine precisely how much bill payers have had to pay due to such overstatements, but by assuming a similar rate of overestimation during the times that those 40 farms were paid to stop generating, consumers would have overpaid an estimated £51m ($65m) since 2018”.

Full article here.