Politicians should stop endorsing an energy source that isn’t particularly clean or secure, and won’t bring down prices
The MPs who have forced Rishi Sunak into a U-turn on onshore wind power love to repeat the favourite slogan of the wind industry: “wind is cheap”. “Cheap, clean, secure,” says Sir Alok Sharma. “Cheap,” cheeps Ed Miliband.
It conceals the truth. Electricity from wind is not cheap and never will be. The latest auction of rights to build offshore wind farms failed to attract any bids, despite offering higher subsidised prices. That alone indicates that wind is not cheap or getting cheaper.
But the real reason for the lack of interest in the auction is that, for the first time, bidders are not free to walk away from their bids when it suits them. In the past, they could put in low offers, boast about them being cheap, then take the higher market price later. The Government has at last called their bluff, so they are having to admit that electricity prices need to be higher to make wind farms pay.
The cost of subsidising wind is vast. Then add the cost of getting the power from remote wind farms to where people live. And the cost of balancing the grid and backing wind up with gas plants for the times when the wind drops. And the cost of paying wind farms to reduce output on windy days when the grid can’t take it. https://www.telegraph.co.uk/news/2023/09/10/electricity-from-wind-isnt-cheap-and-it-never-will-be/
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