Wow. What does it take to get a democratic government to stop picking winners in socialist electrical generation? It takes a war, a 50% price rise, and the possibility that 4 in 10 households might be reduced to third world conditions within months.
Share the word — no country on Earth has lots of intermittent renewables AND cheap electricity.
…Bosses warn 40% of households face fuel poverty after October’s price cap hike…
Daily Mail
Energy bosses have called for more Government support for households facing a ‘truly horrific’ winter, with as many as four in 10 people potentially falling into fuel poverty before the end of the year.
Energy bills for the 22 million British households not on fixed-term deals rose 54 per cent to just under £2,000 a year on average in April, the last time the Ofgem price cap was reviewed.
The clean Green transition was supposed to reduce costs, create jobs, and set people free, instead the experiment failed everywhere it was done. “Free” energy turned out to be a high maintenance, unenvironmental expensive fantasy loaded with hidden costs:
Analysts have warned of a further jump in the price cap from October, which could see the typical household paying £600 more per year.
Chris O’Shea, chief executive of Centrica, said the situation would get ‘much worse’ without intervention, while EDF’s chief executive, Simone Rossi, said its vulnerable customers could be spending £1 in every £6 of their income on their energy bills.
And the UK government is only considering dropping Green Levies.
Net Zero Watch has called for an end to the subsidies and produced The Factsheet: The cost of green levies (pdf).
According to the Daily Telegraph, “government officials are examining whether the controversial levies – used to fund renewable energy subsidy schemes – could be phased out gradually or dropped altogether….”
Green levies cost the UK economy about £11 billion a year in total, putting £150 a year on the average household electricity bill, and a further £250 per household on the annual cost of living, a total of £400 per household per year. The levies also depress wages and rates of employment.
Dr John Constable, Net Zero Watch director of energy, points out the renewable firms are making out like bandits:
“Given the high prices now available in the electricity markets it is evident that wind turbines, solar panels and biomass power stations no longer need any subsidies and should now be able to compete as pure merchant generators.”
Putting renewables on a market basis would also help to reduce system operating costs, and prevent green generators subsidised under the Renewables Obligation from, as is increasingly suspected, taking both the very high market prices and the subsidies, thus generating hyper-profits.
Steve Baker MP said:
“Making the public poorer and colder never seemed likely to survive contact with electors.”
Dr Benny Peiser, Net Zero Watch director said:
“It would appear that ministers are realising that billions in subsidies for renewable energy is no longer compatible with the cost of living crisis, threatening the welfare of tens of millions of households and undermining economic and political stability. The longer the Government delays terminating handouts for renewable energy investors the higher the economic and political cost for consumers, businesses and the government.”
Fingers crossed for the UK