Back in May 2015, the government started it’s war on green energy. The story that it came up with to cover for this ideological assault on the planet was that green energy subsidies were costing the average household a fortune. That fortune turned out to be about 0.7% of your bill – about £8 on average (far less than the subsidy on coal and gas). However, who wouldn’t want to save £8, even if it meant accelerating climate change, right?
Well, a parliamentary report published today says it may not have been such a good idea. In fact the report claims the government’s culling of green energy will cost us £3.18bn a year, or £116 per household on average.
The government has taken a number of steps to kill off green energy (despite it being cheaper than nuclear), and those steps are seen as so irrational by investors that no energy investors trust the Conservatives any more. As a result it is harder to find funding for new power schemes, pushing prices up.
Examples cited by the report are;
- Highly successful carbon capture schemes were abandoned just weeks before the end of the 10 year £220m project
- Solar subsidies were slashed, destroying a highly successful fledgling industry
- Local people were given the power to block wind farms, but forbidden from stopping fracking
- Scrapping the zero carbon homes initiative
- Ending funding for the Green Deals company, which improved energy efficiency in homes
- Having no energy policy at all beyond 2020
- A complete lack of transparency in energy policy, with numerous contradictory rules seemingly being plucked out of thin air at random
- The report also alludes that investors are concerned that the government is intentionally misleading the public about what they are doing.
The UK energy policy has left us with an expensive bill, benefiting no-one but the companies who sell oil, gas and coal. The only question is whether that is true evil, or just plain old incompetence.