{"id":354397,"date":"2024-12-14T17:05:09","date_gmt":"2024-12-14T16:05:09","guid":{"rendered":"https:\/\/climatescience.press\/?p=354397"},"modified":"2024-12-14T17:05:11","modified_gmt":"2024-12-14T16:05:11","slug":"milibands-300-energy-saving-is-smoke-mirrors","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=354397","title":{"rendered":"Miliband\u2019s \u00a3300 Energy Saving Is Smoke &\u00a0Mirrors"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

Ed Miliband has been doing the rounds again this week.<\/p>\n\n\n\n

When challenged on the BBC Today<\/a> programme about Labour\u2019s promised \u00a3300 cut in energy bills, he doubled down.<\/p>\n\n\n\n

Apparently, he said, they did not really mean \u00a3300, the key word was \u201cup to\u201d!  So maybe just a pound then Ed!<\/p>\n\n\n\n

He went to say that NESO, the National Energy System Operator, confirmed Labour\u2019s Clean Energy plan would reduce electricity bills, even though NESO chairman had already told Parliament they could not guarantee it.<\/p>\n\n\n\n

In fact, as I pointed out at the time, NESO\u2019s costings clearly pointed to bills going up as a result of Labour\u2019s policies.<\/p>\n\n\n\n

So, to recap:<\/p>\n\n\n\n

In their report to Ed Miliband last month, Clean Power 2030, they estimated that costs would INCREASE by \u00a310\/MWh:<\/p>\n\n\n\n

\"\"
https:\/\/www.neso.energy\/publications\/clean-power-2030<\/a><\/figcaption><\/figure>\n\n\n\n

However, this is not the whole story. They say that the cost of generation would drop by \u00a315\/MWh, but this is simply not true, as they themselves admit:<\/p>\n\n\n\n

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

Note the reference to CARBON PRICES.<\/p>\n\n\n\n

Their report goes on to confirm they have assumed a Carbon Price of around \u00a360\/MWh, the figure used by BEIS in their Electricity Generation Costs report  published last year.<\/p>\n\n\n\n

However, the Carbon Price is not a cost \u2013 it is effectively a tax. As BEIS noted in that report, this is valued arbitrarily, and is designed to artificially increase fossil fuel prices, so as to make them uncompetitive.<\/p>\n\n\n\n

\"\"
https:\/\/www.gov.uk\/government\/publications\/electricity-generation-costs-2023<\/a><\/figcaption><\/figure>\n\n\n\n
\"\"
https:\/\/www.gov.uk\/government\/publications\/valuing-greenhouse-gas-emissions-in-policy-appraisal\/valuation-of-greenhouse-gas-emissions-for-policy-appraisal-and-evaluation<\/a><\/figcaption><\/figure>\n\n\n\n

Furthermore, NESO have assumed a carbon price of \u00a3172\/tonne CO2, which is way above the current market price of around \u00a340\/tonne. Based on gas generation of 100 TWh, the level last year, that extra \u00a3132\/tonne equates to an extra cost on gas generators of \u00a34.6 billion, which amounts to \u00a315\/MWh averaged over all electricity generation.<\/p>\n\n\n\n

In other words, NESO have assumed government policy will artificially increase the cost of gas generation, and thus wholesale market prices. This enables them to claim that renewables will reduce them!<\/p>\n\n\n\n

Increase a household bill from \u00a31000 to \u00a31500 and reduce it back to \u00a31000 \u2013 but only claim credit for the reduction!!!!<\/p>\n\n\n\n

So if we return to that first table, the claimed cost of generation reduction of \u00a315\/MWh is simply smoke and mirrors. It does not exist. Exclude the Carbon Price con trick, and costs remain around the same. This is not surprising, because we know that the AR6 strike prices are similar to or slightly above current market rates.<\/p>\n\n\n\n

But the table also tells us that Miliband\u2019s plan will INCREASE other costs by \u00a325\/MWh. This means an extra bill of \u00a37.5 billion in 2030. While not all of this will go on to household bills, about half will, about \u00a3140 per home.<\/p>\n\n\n\n

The BBC did not challenge Miliband on this, nor have I come across anybody else in the media who is even aware of this sleight of hand.<\/p>\n\n\n\n

It goes without saying that these are all the official costings from NESO. I don\u2019t think anybody seriously believes that decarbonisation will be anything like as easy or cheap as they make out.<\/p>\n\n\n\n

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

Ed Miliband has been doing the rounds again this week.<\/p>\n

When challenged on the\u00a0BBC Today\u00a0programme about Labour\u2019s promised \u00a3300 cut in energy bills, he doubled down.<\/p>\n","protected":false},"author":121246920,"featured_media":354406,"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":[691829997,691827428,691831956,691821693,691819461,691831955],"class_list":{"0":"post-354397","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-carbon-dioxide-co","9":"tag-carbon-price","10":"tag-clean-power-2030","11":"tag-ed-miliband","12":"tag-energy-bills","13":"tag-labours-clean-energy-plan","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Energy-Saving-Week-1200x834-1.jpg?fit=1200%2C834&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1uc5","jetpack-related-posts":[{"id":310399,"url":"https:\/\/climatescience.press\/?p=310399","url_meta":{"origin":354397,"position":0},"title":"Britain\u2019s energy system will not hit net zero until 2035, National Grid tells Labour","author":"uwe.roland.gross","date":"19\/03\/2024","format":false,"excerpt":"Britain\u2019s electricity networks will not hit net zero until 2035, National Grid has said, undermining\u00a0a key pledge by Labour\u00a0to hit that target by 2030.","rel":"","context":"In \"energy insecurity\"","block_context":{"text":"energy insecurity","link":"https:\/\/climatescience.press\/?tag=energy-insecurity"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":376017,"url":"https:\/\/climatescience.press\/?p=376017","url_meta":{"origin":354397,"position":1},"title":"Mad Miliband Resorts To Lies To Defend Net Zero\u00a0Agenda","author":"uwe.roland.gross","date":"21\/04\/2025","format":false,"excerpt":"Ed Miliband has been desperately defending his insane Net Zero agenda, in the face of growing criticism from Reform and the Tories, as well as increasing disquiet on his own front bench.","rel":"","context":"In \"BBC\"","block_context":{"text":"BBC","link":"https:\/\/climatescience.press\/?tag=bbc"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0-Mad-M.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0-Mad-M.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0-Mad-M.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0-Mad-M.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0-Mad-M.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":350454,"url":"https:\/\/climatescience.press\/?p=350454","url_meta":{"origin":354397,"position":2},"title":"Ed Miliband\u2019s Plan for Zero Carbon Electricity by 2030 is a Damning Indictment of the Whole Net Zero Agenda","author":"uwe.roland.gross","date":"07\/11\/2024","format":false,"excerpt":"Labour\u2019s manifesto promised we would have a zero carbon electricity system by 2030. 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