Friday, November 23, 2012

Living in la la land

Tim Yeo the Energy secretary loves his wind farms, he's certainly making a lot of money from them, so much that he's broken from cover to tell us all struggling under mountainous energy bills that it is sensible to ask households and businesses to pay £7.6 billion a year towards greener power stations as prices are “going to go up no matter what”.
Telegraph.
Tim Yeo, the chairman of Parliament’s energy committee, said it is sensible to ask households and businesses to pay £7.6 billion a year towards greener power stations as prices are “going to go up no matter what”.
According to Department of Energy figures, bills will be £178 a year higher by 2030 than they are currently with the Government’s planned green energy and fuel poverty policies. The contribution to nuclear and renewables will make up £95 of an average bill by 2020.
Mr Yeo, who is a director of several green technology companies, told the BBC: “I personally think that a couple of pounds a week, maybe rising to almost £3 a week, is a reasonable price for Britain to achieve a degree of energy security to reduce its total dependence on fossil fuels and to honour its commitments to cut green house gases.”
One of his Tory colleagues, Douglas Carswell, the MP for Clacton, disagreed, saying the rise in bills is “a lot of money”.
“The average constituent in Clacton is already paying between £10 and £20 extra for their electricity as a direct consequence of these hidden green surcharges," he said. “If you have lots of non-executive payments from green energy companies, then perhaps another £2 or £3 a week doesn’t sound a large sum of money from your household budget.
“For those in my constituency who do not have green energy directorships, then it is a lot of money.
They do seem to be ignoring the fact that shale gas extraction will drop the price of gas and that the green energy tariffs subsidise an inefficient and costly method of electricity generation that will require massive standard backup of power stations for days when the wind doesn't blow, or in many cases blows too hard. In other words we cannot rely upon it to be there when we need it, it's costly to run and it's not even environmentally friendly (huge concrete blocks anyone?) No, what Mr Yeo wants is for us to keep making him rich and he intends to stretch it out as long as possible along with telling us it's good for us.
We have enough shale deposits under England to keep us powered at current rates for over 300 years. Perhaps by then 'green' energy might just be economic to give a try.
I have my doubts though...

1 annotations:

banned said...

Who cares? It's only the poorest of the old who will die of cold.