Energy policy circles have been abuzz for months over proposed changes to the way renewable energy is to be supported, and the government’s overall plan to balance the supply and demand for energy in the years to come. The Department of Energy and Climate Change have recently released details of the draft ‘strike prices’ for the Contracts for Difference(CfD) scheme , marking an important step towards a radical change in the way renewable energy producers are aided by the government. As a mathematician working in the field of energy policy, I’m keenly aware of the sheer number of complicated schemes, financial instruments and legislative hurdles electricity producers have to face. At the same time, the health of the UK’s energy generation and distribution system is vital to every member of the population, not just the select few who understand the intricacies of these new energy policy schemes. I strongly believe that an intuitive understanding of how energy subsidy really works...
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