By Paul Homewood
David Turver has done an excellent job unpicking all of the subsidies Dale Vince’s empire has accumulated over the years.
He even reveals that Vince’s companies have negotiated a derogation with OFGEM, which means they are not bound by the Energy Price Cap.
Must read!
This week we look at what it takes to become a green energy tycoon. Perhaps the best example is Dale Vince, owner of Green Britain Group that controls Ecotricity. He has stated that “wind energy is the fastest, cheapest, cleanest new energy we can make.” He has even said “the price of fossil gas sets the price of all electricity in our country – even that from the wind and sun, it’s an absurd market mechanism that enriches a few at the expense of the rest.”
However, most of Dale’s empire is reliant upon subsidies to be profitable and those profits may be at risk with subsidies running out and declining performance.
Read the full story here.
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Author: Paul Homewood
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