Section 2: How Renewable Investment Was Made Bankable

Section 2: How Renewable Investment Was Made Bankable

Renewable energy did not grow through the free market alone.

Between 2012 and 2015, the Government created the contractual machinery that transformed political climate targets into long-term, investable revenue. The Energy Act 2013 introduced Contracts for Difference, the Capacity Market and government-owned settlement companies, giving selected generators greater certainty while recovering much of the cost through electricity suppliers and, ultimately, household bills.

This section follows the money behind that system. It examines:
• how strike prices protected renewable revenues
• how consumer-funded levies supported private investment
• how Drax combined public finance, institutional lending, government guarantees and contractual support
• how climate policy began moving into banking, investment and financial regulation
The key question is simple:
When a project is described as “private investment”, how much of its income and financial security has actually been created by government policy and paid for through the wider energy system?

📖 Section 2: Revenue Guarantees and Contractual Architecture
Your Bills, Your Taxes, Your Pension , Following the Money Behind Renewable Energy

Shane Oxer — Campaigner for fairer and affordable energy