{"id":288877,"date":"2023-11-27T15:15:33","date_gmt":"2023-11-27T14:15:33","guid":{"rendered":"https:\/\/climatescience.press\/?p=288877"},"modified":"2023-11-27T15:15:35","modified_gmt":"2023-11-27T14:15:35","slug":"net-zero-electricity-fantasies-to-cost-british-consumers-100-billion-over-next-six-years","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=288877","title":{"rendered":"Net Zero Electricity Fantasies to Cost British Consumers \u00a3100 Billion Over Next Six Years"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

From The Daily Sceptic<\/a><\/p>\n\n\n\n

BY\u00a0CHRIS MORRISON<\/a><\/p>\n\n\n\n

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Net Zero electricity taxes and levies are set to cost British consumers almost \u00a3100 billion<\/a> over the next six years, according to the latest official figures from the Office for Budget Responsibility (OBR). The \u2018environmental levies\u2019 total includes a variety of green rackets from paying suppliers to produce uneconomic energy to persuading consumers to install inferior technologies. As the insane dash towards Net Zero continues in elite political circles, the costs have started to spiral out of control.<\/p>\n\n\n\n

Almost all green technologies seem to require huge amounts of public subsidy with no end in sight to constant demands for cash. Recently, offshore wind generators refused to take further Government licences in the North Sea unless the U.K. Government complied with their demands for higher guaranteed prices. In real terms the Government is now prepared to pay over \u00a3100 per megawatt hour, a price more than the current estimated cost of gas-powered electricity.<\/p>\n\n\n\n

The investigative climate journalist Paul Homewood has been digging into the figures<\/a> for years, and notes the offshore wind business is already being subsided to the annual tune of \u00a34.8 billion. This despite the fact that we have been promised \u2018rapidly falling\u2019 wind power costs that would bring our bills tumbling down. \u201cNow we know that was always a lie,\u201d observes Homewood. Looking at the financial accounts, Homewood concludes that there is \u201cno prospect\u201d that costs will decline in future. On the contrary, he continues, they are likely to continue increasing as supply chain and manufacturing problems mount.<\/p>\n\n\n\n

\u201cWe are therefore now locked into permanently high electricity prices, with contract prices guaranteed for 15 years,\u201d he notes.<\/p>\n\n\n\n

Homewood has produced the table below from the latest figures from the OBR. In total it shows how all the \u2018environmental levies\u2019 surrounding the production of electricity are set to provide hard-pressed U.K. consumers with an entirely unnecessary collective bill for \u00a395 billion over the next six years. As Homewood notes, the figures below show the cost added to energy bills by the various assortment of renewable subsidies, capacity market payments and the climate change levy.<\/p>\n\n\n\n

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

Homewood has added in three relevant costs to the OBR table. The feed-in tariffs scheme was recently excluded, but in Homewood\u2019s view it is wrongly left out since it increases energy bills. The Climate Change Levy on productive business is noted elsewhere in the OBR report, but Homewood has \u201ctaken the liberty\u201d of adding it to his table. It need hardly be added that this does not involve all the cost of runaway Net Zero fiscal madness. Homewood notes, for instance, that there is no mention of the costs of electricity grid upgrades, system balancing cost and constraint payments \u2013 all the direct result of increased renewable generation. And, of course, one can take it out even wider to include the cost of keeping vast amounts of gas capacity idle, waiting to fire up when the wind stops blowing, often for days at a time.<\/p>\n\n\n\n

But it might be asked, what is \u00a3100 billion when an almost complete dismantling of modern economic society is being planned? A mere down payment on wealth destruction on an unimaginable scale. At a time when the political will to control immigration has withered, massive deindustrialisation is being planned in Europe, with unimaginable effects on the less affluent members of society. On the basis of an unproven hypothesis that human-produced carbon dioxide controls a climate headed for disaster \u2013 now deemed \u2018settled\u2019 and beyond debate \u2013 small, well-funded elite groups in society are planning to remove 85% of the world energy supply within less than 30 years. How far they will get in this madcap, nightmarish scheme before being repelled by gathering rational and democratic forces, only time will tell.<\/p>\n\n\n\n

Chris Morrison is the <\/em>Daily Sceptic\u2019s<\/em> Environment Editor.<\/em><\/p>\n\n\n\n

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

From The Daily Sceptic BY\u00a0CHRIS MORRISON Net Zero electricity taxes and levies are set to cost British consumers almost \u00a3100 billion over the next six years, according to the latest official figures from the Office for Budget Responsibility (OBR). The \u2018environmental levies\u2019 total includes a variety of green rackets from paying suppliers to produce uneconomic energy to […]<\/p>\n","protected":false},"author":121246920,"featured_media":288883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","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_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Net Zero electricity taxes and levies are set to cost British consumers\u00a0almost \u00a3100 billion\u00a0over the next six years, according to the latest official figures from the Office for Budget Responsibility (OBR). 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