The extremely high electricity prices experienced in 2023 resulted in unexpected ‘windfall’ profits for Findhorn Wind Park. See our customer information page to find out how our electricity is priced.
The windfall profits arise from electricity that was generated by the wind turbines and used directly on site, without export to the grid. In determining a reasonable profit for these units, FWP valued them at 18p/kWh – the average electricity price in the Park the previous year.
This resulted in ‘windfall’ profits of £80,787, of which £66,910 have been used to reduce NFD bills to customers for usage between 1st April and 30th November 2023. The remaining £13,877 will be used to reduce prices for Park consumers for usage between 1st December 2023 and 31st March 2024.
See our disappointing production figures for the year ending 31st October 2023. The poor production meant there were fewer units both generated and used directly on site that generate windfall profits. It also means more units had to be imported at the very high import costs. This reduced the effective per unit discount that could be achieved.