The fall of the Tory party

It's bizarre
And no commentary so far about why renewables profits specifically targeted

Perhaps because renewables like wind and sun are essentially free so any profit on them is up for grabs

There is something weird going on with how renewable prices are pegged to gas or something which means current prices are, I think, hugely exaggerated.

The pricing of power is mental (I worked with power traders for a short time a few years back, and found it really idiosyncratic and tricky to understand).

I think it's because the power price is priced at the cost of turning on the last producer in the Order of Merit. The Order places the power producers in a list economically (cheap / wind at the top, expensive / coal at the bottom) and the operator turns them all, in the order of the list, until the the projected power demand is met.

The cheap stuff is always on, but there's never enough of it to meet the UK's demand, so there's always some gas on as well. Therefore the whole lot is priced at gas price.

I'm not sure of the reason for pricing like this - I'd have thought an average price of the whole order would be fairer to consumers, but not (I guess) if you're the producer that just got told to turn on their gas plant. Maybe the renewables need to be removed from the pricing completely as their prices (free) are so different to the rest of the producers.

edit:

I'm not sure of the reason for pricing like this

Maybe it's an incentive to gas / coal burning suppliers to invest into renewables? If they replace at least some of their supply with renewable, then they'll still get the same amount of money for their power but do so at lower cost to them?