{"id":368526,"date":"2025-03-04T09:15:48","date_gmt":"2025-03-04T08:15:48","guid":{"rendered":"https:\/\/climatescience.press\/?p=368526"},"modified":"2025-03-04T09:15:49","modified_gmt":"2025-03-04T08:15:49","slug":"net-zero-to-add-900-to-cost-of-living-by-2030","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=368526","title":{"rendered":"Net Zero to add \u00a3900 to cost of living by\u00a02030"},"content":{"rendered":"\n
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From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

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

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Net Zero to add \u00a3900 to cost of living by 2030<\/h6>\n\n\n\n

Ed Miliband\u2019s Clean Power 2030 plan will add at least \u00a325 billion per year to the cost of the electricity system. This will cause prices to soar, hitting every household in the UK with a cost-of-living increase of over \u00a3900.<\/p>\n\n\n\n

The figures are the work of Professor Gordon Hughes, one of the UK\u2019s leading energy system experts and comes after Mr Miliband cancelled a similar costing exercise commissioned by his predecessor Claire Coutinho.<\/p>\n\n\n\n

Professor Hughes has found that Mr Miliband\u2019s plans will increase the cost of almost every aspect of the electricity system, including the direct cost of power generation, capacity levies and system balancing costs. Increasing scarcity of carbon emissions permits will drive the costs up even further.<\/p>\n\n\n\n

Professor Hughes said:<\/p>\n\n\n\n

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\u201cWhile Mr Miliband\u2019s department have resolutely refused to put a cost on the Net Zero grid, it is vital that we understand the direction he is taking us. The plan is clearly unaffordable.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Andrew Montford, the director of Net Zero Watch said:<\/p>\n\n\n\n

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\u201cIt is vital that Sir Keir Starmer put a stop to Ed Miliband\u2019s madness. This will be a disaster for the UK economy.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Notes for editors<\/h6>\n\n\n\n

Professor Hughes is arguably the UK\u2019s pre-eminent energy economist. He was previously an academic at Edinburgh and Cambridge, and has worked as an advisor to the World Bank.<\/p>\n\n\n\n

His estimates are published in an article at his Substack<\/a>, and have been reproduced as a paper by Net Zero Watch<\/a>.<\/p>\n\n\n\n

Professor Hughes estimates costs of key elements of the electricity system for two different electricity systems: the system in the Clean Power 2030 plan and the current system. It is not possible to model every element of the system, so the estimate should be viewed as conservative.<\/p>\n\n\n\n

In delivering the electricity demand predicted for 2030, the 2024 system will cost \u00a358.9m per year, whereas the current system would only cost \u00a334.1m, a difference of \u00a324.8m. In per-unit terms, the 2024 system would be at least 7.5p\/kWh (\u00a375\/MWh) more expensive.<\/p>\n\n\n\n

Notably, the cost of balancing the grid \u2013 mostly payments to windfarms to switch off \u2013 would be \u00a34 billion higher.<\/p>\n\n\n\n

The key results are as follows:<\/p>\n\n\n\n

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