The government is planning to shift huge costs for its Net Zero agenda onto household bills.
In recent weeks, ministers and officials have announced that UK households will have to fund numerous of the government’s Net Zero plans via their energy bills.
Currently, UK households are funding renewable energy investors to the tune of £10 billion per year. These subsidies are projected to grow over the coming years, reaching a total of about £12 billion a year in the mid-2020s.
But on top of this huge and rising cost, the government now plans to add a whole catalogue of additional Net Zero subsidies, as the recent news reports below reveal.
* The government plans to force households to subsidise the installation of charging stations for electric vehicles (EV) by raising electricity bills.
* Ministers are in the process of drawing up legislation that will force households to fund the construction of new nuclear power plants through the use of a surcharge on energy bills.
* Households face paying an extra £200 per year to fund greenhouse gas removal technology.
* The wind energy lobby has warned that households will have to subsidise offshore wind farms indefinitely, refuting the often repeated claim that renewables are close to becoming “subsidy-free”
* Energy bills face an additional rise in cost as the power grid operator is increasingly forced to pay wind farms to switch off turbines. ‘System balancing’ costs alone were £2 billion last year and could hit £2.5 billion per year over the next decade as renewable capacity continues to grow.
It is fairly certain that most households would be unable to keep their heads above water as this torrent of additional Net Zero costs cripple their energy bills – and nor would Boris Johnson and his government survive this terrible plan.
The post Net Zero threatens to cripple British households as costs are shifted to energy bills appeared first on The Global Warming Policy Forum.
via The Global Warming Policy Forum
July 29, 2021 at 02:09AM
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