The Office for Budget Responsibility (OBR) was brutally blunt about the new Labour Budget last week. According to its assessment, it increases spending by £70 billion annually, partly funded through tax increases which raise £36 billion annually and push the tax take to a record 38% of GDP. The rest is funded by £32 billion more borrowing annually.
But I am only concerned here with their projected costs of ‘environmental levies’, aka subsidies for renewable energy, which are added to our energy bills.
Table 3.8 below appears in their iscal outlook, but I have slightly amended it to include feed-in tariffs, which are subsidies paid to smaller renewable generators, and the Climate Change Levy, which appears in a different table. I have also added the bottom line for comparison purposes – the OBR’s projection at the time of the March 2024 Budget:
Renewables obligation, contracts for difference and feed-in tariffs are all direct subsidies paid out to wind and solar farms, along with biomass plants.
Capacity market payments are made to procure standby capacity, which is only required because of the intermittency of wind and solar power; it is therefore effectively an indirect subsidy for renewables. The Climate Change Levy increases electricity prices for non-domestic users.
All, in one way or another, are costs which get added to energy bills because of climate policy.
The only exception is the renewable heat incentive which is funded out of general taxation.
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Meanwhile, England sits under massive, blocking high pressure.
No wind. No sun.
Perfect for exposing the greenist scam.
And it is spread over the near continent as well so the French nuclear plants will be keeping many grids going. The only plus here is that it is not a cold high .
So true, as I write (5.10pm on 4/11) 62% of our electricity is being powered by gas, nuclear 12%, wind 4% and over the last week renewables have, on average contributed a mere 20%. The current becalmed weather looks set to continue for days. I’ve read somewhere that we only store gas to meet about 2 weeks of our average needs for electricity at any one time – would welcome hearing from anyone who can add more insight to this.
Update, 7am, 5 Nov 2024.
Electricity Demand: 32 GW
Supply: Gas 70%, Nuclear 14%, Biomass 9%, Wind 3%, Solar 0%
And Miliband’s solution is to install more wind turbines and build more solar farms….
“Labour’s promise to cut energy bills was always a lie….” and so was the Treacherous Tories’.
I haven’t forgotten the Fat Oaf declaring he’d make us the Saudi Arabia of wind and Sharma gleefully blowing up 2 of our last 3 reliable coal-fired power stations.
THEY ARE NO DIFFERENT.
Yep, and this area’s MP – Sushi’s little bimbo Coutinho – spouted a bare faced lie when she increased the price for windmills, having had no takers on a lower price based on the windmill mafia claiming it was cheaper, by saying this would save us money. When did making something more expensive ever save you money?
bare faced lie is correct – though it Depends on who you mean by ‘you’ – some powerful people will save a lot of money through us spending more, in fact they’ll ‘earn’ a lot more over time… follow the money
Ok so let’s suppose you think there is a climate crisis. You think the world is warming dangerously and storms, floods, droughts and wildfires are all increasing and getting more frequent. Ask yourself this question —“Have I ever looked at any data”? —-If the answer is no, then how do you know any of that is true? —YOU DON’T. You have simply decided to believe it. —–But then ok let’s say that weather events are getting more frequent and worse what will the UK going Net Zero do to alleviate that? —–The answer is next to nothing. So why are we pretending to save the planet harder and faster than everyone else and destroying our Industrial base and forcing millions of our own people into energy poverty where we now have the highest electricity prices in the world? —-The very crude answer is that it isn’t about the planet or the climate. It is about the UN Agenda 2030 that states that the lifestyles of the people in the wealthy west are too decadent, and we consume too much. Our standard of living is too high. They want us to have less of EVERYTHING. Who better to impose that agenda… Read more »
Highlights something I’ve long said: people, in general, no longer believe the truth; they believe the version of truth they choose. They pick their truth from the headlines they wish to believe and the outlets they wish to pretend to trust.
DS is almost the last bastion of people who actually find out the actual truth. We will always be outnumbered however. The only way we will be listened to is when people start to die from malnutrition (no farmland) and the cold on the average 110 days of the year it does not blow enough or shine enough.
I think you are being too generous with ‘next to nothing’.
Hard to put a number on it though—-But here goes –0.005
https://scitechdaily.com/new-study-reveals-oceans-absorb-more-co2-than-previously-thought/
The Observer’s Book of Climate Change: A Handy Guide
Todays’ Challenge: Crack the Code!
Decipher the following coded statements:
‘Carried out in the Atlantic, the findings suggest this ocean absorbs about 7% more CO₂ each year than previously thought. It might sound small, but when applied across all oceans this additional carbon absorption is equivalent to one and half times the carbon captured by annual forest growth in the Amazon rainforest.’
Clue: inputs to all climate modelling must therefore be hopelessly inaccurate.
‘With the COP29 climate change conference taking place next month, this work highlights the importance of the oceans, but it should also help us improve the global carbon assessments that are used to guide emission reductions.’
Clue: emissions reduction targets are a ruinously expensive load of old hooey!
And just before that was the study that says that plants absorb over 30% more CO2 than previously thought. Yes that is over THIRTY per cent – not a tiny amount. So when you add these two together the ‘settled’ science has a massive error. Don’t expect them to be rushing to correct the climate nintendos ahead of the COP29 greenshit fest though.
Energy, utility costs have already doubled in the past 10-12 years. They will double again. No one cares. Hydrocarbons are abiotic, renewable. Nuclear is safe and cheap.
The Sheeple don’t care. They voted for this apparently if you total the votes for the LabConvicts. They will blame plant food or Trump.
They will protest for more and higher prices. They will demand an end to all energy sauf bird choppers and solar panels. They will inquire if there is a stab for high costs, or a least a lockdown.
Er, a bit of an incoherent mess, hmm?
How is that not mainstream news? People could at least then attribute a cost to net zero?
In my view, It is not mainstream news precisely to stop people putting a cost on net zero. It is hard not to start to see this as a conspiracy to wreck our economy, collapse the financial system and destroy the value of money all for the ludicrous quasi-religious cult of net-zero.
Which is what the Marxist/communists are hiding behind, first you have to destroy such that you can rebuild in the new system.
But how is it censored. Basic and total non-criticism or specific tabs subjects? Those numbers should he come out in any competent assessment of the budget but as far as I can see, they have not?
Exactly.
The one word which sums up Kneel’s administration is destruction. Destruction of everything we take to be British. Kneel will literally reduce this country to rubble if he isn’t stopped PDQ.
Somehow we need to get that +£700 figure out there…