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Wind Inflated Energy Bills

Wind farms will inflate bills, claim MPs | The Times

Consumers are facing even higher energy bills to fund “extremely generous” incentives for companies to connect offshore wind farms to the electricity grid, MPs have warned.
The Public Accounts Committee has said in a report that new transmission licences have been designed “almost entirely to attract investors at the expense of securing a good deal for consumers”.

Estimated returns for investors of between 10 per cent and 11 per cent are “extremely generous”, the MPs’ report said, given that their investment is low-risk.
Additionally, operators that do not provide transmission to the grid as required can be fined only up to 10 per cent of their expected annual income, which the report described as being too low.

The Government has to attract an estimated investment of £110 billion over the next decade to pay for new power stations and wind farms and to overhaul the electricity and gas networks. With other countries also need to revamp their energy infrastructure to keep the lights on and cut carbon emissions, governments are competing to attract the limited investment available by offering high returns.
But concerns are growing about the impact on households, which will have to pay for the investment through higher energy bills ..........

Remember, cold kills. The old and poor will be the first to suffer.

Comments

Don't forget in these times of snow and ice to check up on any elderly neighbours and make sure they turn down their thermostat in order to help their carbon emissions.

But who cares about the old and the poor?
Certainly not the piggies, until another general election comes along, until then they'll just turn the old taxpayer funded thermostat up another couple notches.

It all helps to keep the pension bills down.

How anyone can justify not going for shale gas as if coal mining, oil drilling, uranium mining etc. are not contaminating? All hydrocarbon extractive industries have problems, but shale is coming in for some pretty unjustified stick.

The Energy Institute at the Uni of Texas at Houston has a massive 400 page summary of the American experience (lately off-line whilst peer reviewed). Looks bad for greenies. No recorded drinking water pollution, no earthquakes, a certain amount of commercial secrecy regarding the chemicals, skewed reporting, they deal with everything and it makes overall very good reading. If you did the same for any other hydrocarbon industry it would come out much worse.

"The Government has to attract an estimated investment of £110 billion over the next decade to pay for new power stations and wind farms and to overhaul the electricity and gas networks. With other countries also need to revamp their energy infrastructure to keep the lights on and cut carbon emissions, governments are competing to attract the limited investment available by offering high returns."

What a massive waste of money. The (arbitrary) goal of reducing CO2 can be got underway by displacing coal power with gas and at a later date renewing and increasing nuclear power output. Or rather, returning it to levels it used to be at. We used to get something like 25% of our electricity from nuclear and now it is more like 15%.

We do not *need* smart meters, windmills and to rewire the national grid. They are just a massive excess cost for nothing much in return to justify the increases in energy costs the politicians are craving.(Otherwise it would all have to be done with taxation)

If you had solar panels on your roof and the power was for your sole use how much power would you have? 1 plug sockets worth? more,less?

If you had solar panels on your roof and the power was for your sole use how much power would you have? 1 plug sockets worth? more,less?

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