{"id":366276,"date":"2025-02-15T19:33:47","date_gmt":"2025-02-15T18:33:47","guid":{"rendered":"https:\/\/climatescience.press\/?p=366276"},"modified":"2025-02-15T19:33:50","modified_gmt":"2025-02-15T18:33:50","slug":"clean-power-2030-plan-will-cost-242-billion","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=366276","title":{"rendered":"Clean Power 2030 Plan Will Cost \u00a3242\u00a0Billion"},"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

Sometimes simple is best!<\/strong><\/p>\n\n\n\n

NESO have conveniently listed their estimates of the capital expenditure needed for Ed Miliband\u2019s Clean Power 2030 mission:<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n
\n
\"\"<\/figure>\n<\/div>\n\n
\n
\"\"
https:\/\/www.neso.energy\/document\/346781\/download<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

Over the five years, they reckon a total cost of \u00a3242 billion.<\/p>\n\n\n\n

Mere chicken feed!<\/p>\n\n\n\n

As we will still need a full fleet of gas power stations, the only offsetting savings will be the fuel savings for them.<\/p>\n\n\n\n

Government projections say that the price of natural gas will be around 70p\/therm in the next decade, equivalent to \u00a324\/MWh. Given fuel efficiency of 53% at a CCGT, the fuel cost would therefore be about \u00a345\/MWh of electricity generated.<\/p>\n\n\n\n

Currently they say generate about 84 TWh of gas power a year and the Clean Power plan will knock this down to 15 TWh. The annual fuel saving will therefore be \u00a33.1 billion. However, the operating costs of offshore wind are estimated at \u00a319\/MWh, meaning that the net saving would only be \u00a31.8 billion.<\/p>\n\n\n

\n
\"\"
https:\/\/www.gov.uk\/government\/publications\/fossil-fuel-price-assumptions-2024<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

And we have not even looked at the cost of capital \u2013 ROC of, say, 8% would cost \u00a319 billion a year.<\/p>\n\n\n\n

The current fleet of CCGTs won\u2019t last forever, of course, but Miliband will still need to pay to replace these anyway, whether like for like, or with CCS gas power or hydrogen. And in twenty years’ time, we would be facing another \u00a3200 billion to replace the worn-out wind turbines and solar panels.<\/p>\n\n\n\n

It does not take a genius to work out that these numbers don\u2019t stack up! Even if gas prices were to double, the equation would not alter.<\/p>\n\n\n\n

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

Over the five years, they reckon a total cost of \u00a3242 billion.<\/p>\n","protected":false},"author":121246920,"featured_media":366286,"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":"","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":[691831956,691831484,691832549,691831352,691818412,691818322],"class_list":["post-366276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-clean-power-2030","tag-energy-secretary-ed-miliband","tag-gas-power-stations","tag-neso","tag-solar-panels","tag-wind-turbines","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Clean-Power-2030-What-you-need-to-Know-1536x864-1.jpg?fit=1536%2C864&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1xhG","jetpack-related-posts":[{"id":389053,"url":"https:\/\/climatescience.press\/?p=389053","url_meta":{"origin":366276,"position":0},"title":"Miliband\u2019s Lower Bills Lie Continues To\u00a0Unravel","author":"uwe.roland.gross","date":"07\/16\/2025","format":false,"excerpt":"When NESO published its Clean Power 2030 Plan last November, Ed Miliband immediately claimed it vindicated his Net Zero policies.","rel":"","context":"In \"Clean Power 2030 plan\"","block_context":{"text":"Clean Power 2030 plan","link":"https:\/\/climatescience.press\/?tag=clean-power-2030-plan"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/ChatGPT-Image-2.-Mai-2025-12_11_51-1.png?fit=800%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/ChatGPT-Image-2.-Mai-2025-12_11_51-1.png?fit=800%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/ChatGPT-Image-2.-Mai-2025-12_11_51-1.png?fit=800%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/ChatGPT-Image-2.-Mai-2025-12_11_51-1.png?fit=800%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":354397,"url":"https:\/\/climatescience.press\/?p=354397","url_meta":{"origin":366276,"position":1},"title":"Miliband\u2019s \u00a3300 Energy Saving Is Smoke &\u00a0Mirrors","author":"uwe.roland.gross","date":"12\/14\/2024","format":false,"excerpt":"Ed Miliband has been doing the rounds again this week. 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