Saturday, 16 October 2010

Renewables will add £880 a year to bills

Telegraph
Trying to meet our EU renewable energy target would cost more than we currently spend on our entire electricity production, says Christopher Booker.
"Is there any subject on which more nonsense is talked and written than the mindblowing proposals being bandied about by the Government for meeting our EU target of generating, within 10 years, 30 per cent of our electricity from renewable sources? (That is roughly six times the current total, meaning that we have by far the most challenging target of any country in Europe.)

For instance, the industry regulator, Ofgem, recently announced that by 2020 we will need to have spent £40 billion on connecting up our new renewable energy sources to the national grid – £4 billion a year. Alistair Buchanan, the head of Ofgem, blithely claimed, on the BBC Today programme and elsewhere, that this would only add £6 a year to the average electricity bill of Britain’s 25 million households. Yet ten seconds with a calculator shows that the cost per household of that £4 billion a year works out to £160. "

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