{"id":349974,"date":"2024-11-03T08:54:21","date_gmt":"2024-11-03T07:54:21","guid":{"rendered":"https:\/\/climatescience.press\/?p=349974"},"modified":"2024-11-03T08:54:22","modified_gmt":"2024-11-03T07:54:22","slug":"labours-budget-to-put-hundreds-of-pounds-on-electricity-bills","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=349974","title":{"rendered":"Labour\u2019s Budget to Put Hundreds of Pounds on Electricity Bills"},"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

Green levies helping to support supposed cheap wind and solar power have soared in Labour\u2019s Budget and will quickly add many hundreds of pounds to household electricity bills. This shock news<\/a> is to be found in the details released by the Office for Budget Responsibility (OBR). Needless to say, no mention was made of the sudden subsidy spike in the Chancellor\u2019s Budget Statement to Parliament. But the detailed figures reveal that the levies are set to confiscate \u00a316 billion a year from consumers from next year. This is equivalent to nearly \u00a3600 a household, but the situation is only likely to get much worse with the Mad Miliband committed to a 95% renewable grid within six years.<\/p>\n\n\n\n

The problems don\u2019t stop there. A renewable grid based on breezes and sun beams needs back-up when Mother Nature fails to co-operate. Earlier this week, the wind stopped blowing for a couple of days and minimal power was obtained from this source. The pretence that there is any realistic back up other than a secondary gas-based system is fading fast. Fintan Slye, the head of the operation controlling electricity supply into the grid, recently noted<\/a>: \u201cThere will continue to be a significant amount of power plants in reserve for the cold, dull, windless weeks of winter, but they will run for limited periods.\u201d To date we have yet to have sight of an official estimate of what all this might cost.<\/p>\n\n\n\n

In the meantime, and it seems just for starters, British consumers have \u00a316 billion to find every year, as the graph below compiled by Andrew Montford<\/a> from Net Zero Watch shows.<\/p>\n\n\n\n

\"\"
The difference between OBR\u2019s estimated cost of green levies in 2023 (red) and 2024 (blue).<\/figcaption><\/figure>\n\n\n\n

Montford shows that the estimated cost of green levies (mostly renewables) has shot up in the last 18 months with estimates rising between 20% and 120%. In its report, the OBR blames the jump on the Contracts for Difference (CfD) scheme that compensates suppliers for low electricity prices but claws back money when rates rise above a certain level. Loosely-worded contracts seem to mean that money only flows one way into the pockets of the subsidy-hunting turbine owners. Montford notes that the OBR is \u201cno longer pretending\u201d that CfD contracts will be paying back to consumers \u201cin the foreseeable future\u201d.<\/p>\n\n\n\n

The figures involved are staggering. Montford explains that 18 months ago the OBR was predicting that CfDs would save consumers nearly \u00a310 billion between 2023-24 and 2028-29. However, six months ago, \u201cthey decided it would actually \u2018cost\u2019 us \u00a39 billion. And today they have announced that it will cost us \u00a312 billion\u201d, he added. Faced with these figures, the general public may recall that one of the first actions of the incoming Labour Government was to abolish an annual winter fuel allowance for older people, saving just \u00a31.5 billion. Some might observe that such a sum is little more than a rounding error in the fantasy world of green economics and subsidies.<\/p>\n\n\n\n

The environmental levies cover a variety of green rackets from paying suppliers to produce uneconomic and environmentally unfriendly energy, to persuading consumers to buy inferior technologies. The investigative journalist Paul Homewood<\/a> has been digging into the subsidy figures for years amid promises from politicians that \u201crapidly falling\u201d wind power costs would bring bills tumbling down. \u201cNow we know that was always a lie,\u201d observed Homewood last year.<\/p>\n\n\n\n

In fact, Homewood suggests, an even greater burden is being placed on U.K. electricity consumers. The feed-in tariff scheme that pays consumers for electricity generated from solar panels has been excluded by the OBR. Although the scheme is no longer open to new applicants, it is yet another subsidy and still costs almost \u00a32 billion a year. The renewable heat incentive is another \u00a31 billion plus boondoggle ignored by the OBR, while the climate change levy, added to business costs, chips in another \u00a32 billion.<\/p>\n\n\n\n

All in all, Homewood estimated last year that Net Zero taxes and levies were set to cost the British consumers almost \u00a3100 billion over the next six years. The Labour Budget just put that up by at least \u00a325 billion. The Net Zero black hole gets bigger by the day.<\/p>\n\n\n\n

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

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

Green levies helping to support supposed cheap wind and solar power have soared in Labour\u2019s Budget and will quickly add many hundreds of pounds to household electricity bills. This shock news is to be found in the details released by the Office for Budget Responsibility (OBR). Needless to say, no mention was made of the sudden subsidy spike in the Chancellor\u2019s Budget Statement to Parliament.<\/p>\n","protected":false},"author":121246920,"featured_media":349976,"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":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"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":[691831270,691819461,691819630,691819239,691820075,691818154,691818181],"class_list":{"0":"post-349974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-budget","9":"tag-energy-bills","10":"tag-energy-crisis","11":"tag-green-subsidies","12":"tag-labour","13":"tag-net-zero","14":"tag-renewable-energy","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0Screenshot-2024-11-01-173628.jpeg?fit=1012%2C678&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1t2K","jetpack-related-posts":[{"id":416251,"url":"https:\/\/climatescience.press\/?p=416251","url_meta":{"origin":349974,"position":0},"title":"Billions 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This comes after UK Energy Secretary Ed Miliband (under the Labour government) rolled out a major subsidy package in January 2026 via the Contracts\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/349974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=349974"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/349974\/revisions"}],"predecessor-version":[{"id":349979,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/349974\/revisions\/349979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/349976"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=349974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=349974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=349974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}