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Joined 10 years ago

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Apr 16
http://hynesr.net
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Comment · 7 months ago
Chris Norbury, CEO of E.ON UK said:

"Some of the modelling we have suggests that you could get to a position by 2030 where if the wholesale price was zero, bills would still be the same as where they are today because of the increase in non-commodity costs."

Fixed costs are enormous and are increasingly driven by paying for the CFDs that back up the economics of wind. The CFD scheme allows wind producers to de-risk from market prices by locking in a fixed price with the government who then recover this from bills.

So, yes you get to enjoy low variable costs when it's windy, but you pay for the priviledge year round.

I do think that wind has a part to play in the UKs long term energy mix, but by this point I'm happy to call the current scale-up a complete false economy.

Household and industrial electricity bills are double what they were in real terms 15 years ago.

Comment · 11 months ago
This seems the most likely way it works. Which makes me unsympathetic to publishers who complain about it. Digital distribution will always have this issue. Substack goes from strength to strength because they don't give an inch on the paywall.
Comment · 1 year ago
Would there be anything worth putting into the libraries if intellectual property rights are not respected?
Comment · 1 year ago
If you arrived into, say, London and googled "Best fish and chips" would you believe that the top result gives you the meal that you're after?
Comment · 9 years ago
Comment · 10 years ago
>Le Roux admitted that he had created the encryption software E4M but denied that he had developed TrueCrypt, its famous progeny.

To me the picture that is being painted is that Truecrypt was a project funded by criminals and maintained by people associated with organised crime.

Yet we still don't know what happened in 2014 that ended the project and the circumstances in how they 'gassed' their canary. Was it something to do with Le Roux's informing? Was it connected to the Snowden revelations?

Comment · 10 years ago
Really hoping the last part will shed some light on the closure of Truecrypt and the full story of the authorship. What is the Czech connection?!.

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