Paying more for electricity is going to mean cheaper bills? Really?
I must admit I laughed out loud when reading a November 16 report by the BBC detailing the Rishi Sunak government’s latest award of massive new subsidies to the UK’s offshore wind developers.
“The price paid to generate electricity by offshore wind farms has been raised by 66 per cent as the government tries to entice energy firms to invest,” the BBC report begins, adding, “It comes after an auction for offshore wind projects failed to attract any bids, with firms arguing the price set for electricity generated was too low.
The hard fact is that wind power and other renewable energy sources are expensive, not cheap. If they were actually cheap, we would have started using them without any government action. The Western world will make its industries uncompetitive (or in some cases, such a primary steel, non existent) and its people poorer by adopting renewables, and will still have to retain a duplicate thermal power sector to take over when the wind isn’t blowing and the sun isn’t shining.
And no matter what anyone tells you, there is no move away from fossil fuels taking place in some very large world economies. An “energy transition” which is not happening in China or India isn’t really a transition at all. https://www.telegraph.co.uk/…/green-energy-floating…/
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