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Solar Farm letters
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<blockquote data-quote="Exfarmer" data-source="post: 6950424" data-attributes="member: 1951"><p>sorry , that is not the ones I was thinking of.</p><p>The Hull scheme claims to be meeting all the councils needs, as though they are not selling all the energy into the grid then buying it back.</p><p>This of course is not the case, unless they owned all the local network then they cannot be using their own power.</p><p></p><p>These schemes work, since the councils have been able to borrow money at ridiculously low rates long term, often well under 1%.</p><p>This is of course fine, as long as they have tied it up for the life of the scheme .</p><p>Though I would suspect the maintenance scheme is a bit of a sweetheart deal.</p><p></p><p>some local authorities got into schemes selling power to locals not realising that the energy market is not straight forward. Thinking that the inflation rate in energy prices would continue for a long time invested in generating power without having the knowledge . When Energy prices did not go up the schemes became unviable and they had to pump money in.</p><p>Birmingham had a classic example.</p></blockquote><p></p>
[QUOTE="Exfarmer, post: 6950424, member: 1951"] sorry , that is not the ones I was thinking of. The Hull scheme claims to be meeting all the councils needs, as though they are not selling all the energy into the grid then buying it back. This of course is not the case, unless they owned all the local network then they cannot be using their own power. These schemes work, since the councils have been able to borrow money at ridiculously low rates long term, often well under 1%. This is of course fine, as long as they have tied it up for the life of the scheme . Though I would suspect the maintenance scheme is a bit of a sweetheart deal. some local authorities got into schemes selling power to locals not realising that the energy market is not straight forward. Thinking that the inflation rate in energy prices would continue for a long time invested in generating power without having the knowledge . When Energy prices did not go up the schemes became unviable and they had to pump money in. Birmingham had a classic example. [/QUOTE]
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