{"id":284045,"date":"2023-10-19T19:19:26","date_gmt":"2023-10-19T17:19:26","guid":{"rendered":"https:\/\/climatescience.press\/?p=284045"},"modified":"2023-10-19T19:19:29","modified_gmt":"2023-10-19T17:19:29","slug":"more-price-shocks-coming-british-energy-ceo-the-costs-of-renewable-projects-have-gone-up-40","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=284045","title":{"rendered":"More Price Shocks Coming? British Energy CEO: \u201cThe costs of [Renewable] projects have gone up \u2026 40%\u201d"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Net Zero and the energy transition is going to be an economic disaster.\u00a0The costs of projects have gone up by as much as 40%.<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

h\/t Energywise<\/a>; The UK needs \u201ca power sector two to three times the size of the one today\u2026 \u201d \u2013 but who is going to pay for this?<\/p>\n\n\n\n

\n

Energy UK CEO: \u201cWe are on the cusp of a new energy era\u201d<\/strong><\/p>\n\n\n\n

\u2026<\/a><\/p>\n\n\n\n

D<\/a>mitris Mavrokefalidis<\/a><\/strong>
Wednesday 18 October 2023<\/a>
Image: Energy UK <\/p>\n\n\n\n

Emma Pinchbeck<\/a>, Chief Executive of Energy UK, addressed the audience at the Energy UK Annual Conference, highlighting the broader challenges affecting the energy sector.<\/a><\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

\u201cThe costs of projects have gone up by as much as 40% \u2013 such that no offshore wind<\/a> developers could bid into the government\u2019s most recent renewables auction<\/a>. And hanging over all of this, the havoc that rising temperatures and extreme weather<\/a> are already inflicting on countries and people across the world.\u201d<\/p>\n\n\n\n

Ms Pinchbeck said the UK needs \u201ca power sector two to three times the size of the one today to power that future economy<\/a> and to build five times the amount of infrastructure in the decade ahead as in the previous three.\u201d<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.energylivenews.com\/2023\/10\/18\/energy-uk-ceo-we-are-on-the-cusp-of-a-new-energy-era\/<\/a><\/p>\n<\/blockquote>\n\n\n\n

I don\u2019t know how much longer Brits will put up with this politically inflicted hardship. According to a survey by Currys, 69% of Britons have had to make lifestyle changes to cut costs.<\/a> (also h\/t Energywise). Currys is Britain\u2019s answer to Walmart.<\/p>\n\n\n\n

A power sector three times the size of today,<\/strong> providing the same energy as today, is not a good thing, it would be an economic disaster<\/strong>. Consumers at best would receive the same electricity as today, but they would have to pay three times the wage costs of today\u2019s electricity sector. On what planet would this be a good thing for consumers?<\/p>\n\n\n\n

If British consumers genuinely want affordable zero carbon power, and protection from wild fluctuations in global energy prices, the only viable option is to copy the French nuclear program.<\/p>\n\n\n\n

France is the only major country in the world which successfully decarbonised most of their electricity sector, without the help of a fortunate abundance of hydroelectricity. Nuclear generates just under 70% of French electricity.<\/a> And best of all, from a consumer point of view, nuclear plants are shielded from global energy price fluctuations, because unlike fossil fuel plants which require continuous refuelling, nuclear plants only need to be refuelled every two years. Even better, most of the next batch of fuel can be recovered from the spent fuel. Two years between refuelling cycles is plenty of lead time to secure a good deal and ensure affordable continuity of power generation.<\/strong><\/p>\n\n\n\n

Copy what works.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Net Zero and the energy transition is going to be an economic disaster.\u00a0The costs of projects have gone up by as much as 40%. From Watts Up With That? h\/t Energywise; The UK needs \u201ca power sector two to three times the size of the one today\u2026 \u201d \u2013 but who is going to pay for […]<\/p>\n","protected":false},"author":121246920,"featured_media":284048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Net Zero and the energy transition is going to be an economic disaster.\u00a0The costs of projects have gone up by as much as 40%.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691819548,691823770,691819461,691818154,691822369],"class_list":["post-284045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-decarbonisation","tag-emma-pinchbeck","tag-energy-bills","tag-net-zero","tag-offshore-wind-energy","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-526.png?fit=1920%2C1200&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1bTn","jetpack-related-posts":[{"id":268945,"url":"https:\/\/climatescience.press\/?p=268945","url_meta":{"origin":284045,"position":0},"title":"Big Blow to UK\u2019s Green Dreams as Costs Skyrocket","author":"uwe.roland.gross","date":"07\/23\/2023","format":false,"excerpt":"The race to net zero is leading us into a financial quicksand, sucking in vast resources for a future that will never materialize as envisaged.","rel":"","context":"In \"Green Dreams\"","block_context":{"text":"Green Dreams","link":"https:\/\/climatescience.press\/?tag=green-dreams"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00GettyImages-1306130708.jpg?fit=1200%2C799&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00GettyImages-1306130708.jpg?fit=1200%2C799&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00GettyImages-1306130708.jpg?fit=1200%2C799&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00GettyImages-1306130708.jpg?fit=1200%2C799&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00GettyImages-1306130708.jpg?fit=1200%2C799&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":277795,"url":"https:\/\/climatescience.press\/?p=277795","url_meta":{"origin":284045,"position":1},"title":"Missed Target: No Way Wind & Solar Can Meet (Pointless) Net-Zero CO2\u00a0Target","author":"uwe.roland.gross","date":"09\/08\/2023","format":false,"excerpt":"That Australia\u2019s energy policy is a debacle is not news. 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