Fears Truss’s energy crisis plan will increase bills and ‘doesn’t make sense’

By convincing power generators to sign on to this contract, officials are asking wind, solar and nuclear generators to sell gas at less lucrative prices, in exchange for guaranteed long-term income.

According to the Guardian, Drax could also be eligible for the scheme, and negotiate over units 2 and 3 at its plant, which currently receives payment for burning biomass wood pellets, under the renewable obligation certificate (ROC).

While the power station has not yet confirmed whether it plans to rework its contract, it said that it is “working in partnership with the government to find ways in which we can support the country during the energy crisis this winter”.

However, MPs fear that the Government is in a weak bargaining position, as they need to convince generators to produce at far lower prices than current market levels, meaning that officials could potentially rush into deals that could late prove bad for taxpayers if the spike in wholesale gas quickly subsides.

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Article source: https://www.express.co.uk/news/science/1671712/energy-crisis-mp-sound-alarm-liz-truss-plans-drax-power-station-kwasi-kwarteng