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January 5, 2022 at 06:30AM

By Paul Homewood

Following up that Prof Grubb letter, I have sent this off to The Times:

Dear Sir

The letter from Prof Grubb (Jan 4) concerning electricity prices was grossly inaccurate and misleading. He claims that “Consumers are paying three to four times the cost of generating electricity from new wind and solar”, and that “Last year these renewables generated more than a quarter of our electricity”.

In reality the new wind and solar farms he refers to have not even started operation yet, and will not for another two to three years. The “quarter of our electricity” currently coming from renewables is in fact extremely expensive, averaging about two thirds dearer than even the currently inflated cost of gas fired generation.

Subsidies for renewable generators are currently costing electricity users over £9bn a year, and are the reason why bills are so high, not the system rules which he blames.

Yours faithfully

Paul Homewood

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January 5, 2022 at 06:27AM

By Paul Homewood

h/t Coeur de Lion

This letter appeared in The Times the other day.

It sis stunning just how grossly inaccurate and misleading it is:

The MPs calling to reduce electricity bills by removing VAT are looking in the wrong place. Instead we should ask why electricity is so much more expensive than the cheapest and cleanest ways of producing it.
Consumers are paying three to four times the cost of generating electricity from new wind and solar. Last year these renewables generated more than a quarter of our electricity, and nuclear energy and imports another quarter, the cost of transmission and balancing the system is only a modest add-on. Yet our electricity market design ensures that gas sets the price for all consumers, which is what has mainly driven the recent price surge.
We need to redesign the system rules to allow direct consumer access to cheaper, low-carbon electricity and to accelerate expansion of wind energy which, onshore, is the cheapest of all.

Michael Grubb
Professor of Energy and Climate Change UCL

Let’s start with a few basic facts:

At the end of last year, forward wholesale power prices were around £110/MWh. Day ahead were much higher, about £190/MWh. Both were around £50/MWh a year ago.

With retail prices set at 19p/KWh, it is clear that wholesale prices are the main driver of recent price increases.

Now for Grubb’s assertion that:

Instead we should ask why electricity is so much more expensive than the cheapest and cleanest ways of producing it.
Consumers are paying three to four times the cost of generating electricity from new wind and solar. Last year these renewables generated more than a quarter of our electricity

He talks about “new” wind and solar, but the wind farms he refers are not even up and running yet. Most of them, such as Dogger and Hornsea Project 2 won’t commission for at least two to three years.

The “quarter” of our electricity generated by renewables, which he refers to, are in fact extremely expensive.

The offshore farms currently covered by CfDs and operational have guaranteed strike prices between £88.59 and £176.57/MWh. The weighted average is £159/MWh, which is well above the market price. This huge subsidy is adding to electricity bills.

Most of the UK’s renewable generation, however, is subsidised by Renewable Obligation Certificates (ROCs), which account for a quarter of UK generation. Subsidies to these are running at more than £6bn a year, equivalent to £240 per household.

Wind farms receive the bulk of this subsidy, about £3.6bn. This is of course on top of the revenue they receive for electricity sold. A typical offshore wind farm for example, receives a subsidy of about £95/MWh, effectively doubling the income from sales.

Whether subsidised by CfDs or ROCs, wind and solar farms are paid much more than the market price.

This is the reason why electricity bills are sky high, not the system rules. Indeed, I am sure consumers would be delighted to have their bills based on the price of gas!

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January 5, 2022 at 06:09AM

The normal rate is 7 per year.

Infobae is an online Spanish language newspaper. Based in Argentina, it claims 100 million readers across the Spanish-speaking world.

Marin Cacic, aged 23, died on Dec. 23rd

On December 27th, it published a news story headlined: Four footballers killed by heart attacks over Christmas week intensifies expert attention. This describes the demise of four extremely fit young men within four days.

Ahmed Amin, a 23-year-old goal keeper in Egypt, died of heart problems on December 22nd. He collapsed following a training session, was rushed to hospital, but could not be revived.

Amin had reportedly complained of chest pain and fainting 10 days earlier, but a doctor had rejected his request for an echocardiogram.

Marín Cacic, a 23-year-old Croatian player, collapsed during a game (or during a training session – media reports differ on this detail). He was taken to hospital, but died of heart failure three days later, on December 23rd.

Mukhaled Al-Raqad, aged 29, likewise suffered a heart attack on December 23rd in Oman during a pre-game warmup. He was declared dead soon after reaching the hospital.

30-year-old Sofiane Loukar was captain of his Algerian soccer team, and had reportedly gotten married a few days prior to December 25th. During a game on that day, he collided with another player, received onsite medical attention, and was cleared to resume playing. 10 minutes later, he suffered a heart attack and died enroute to the hospital.

Oddly, while the headline of the Spanish news article suggests these deaths have caught the attention of experts, no mention is made of that within the article itself. Surely, though, alarm bells have begun ringing. Surely someone will be investigating the possibility that these heart issues are connected to the global rollout of COVID-19 vaccines.

A study published in late 2020 identified 617 soccer-related deaths over a five-year period (2014-2018). But amateurs accounted for 95% of them. Only 33 involved elite players (defined as “subjects younger than 40 years who compete for a first or second division team at national or professional level with regular training”).

According to that study, therefore, 6.6 professional soccer players per year experience sudden cardiac death on the field. On average. World wide.

Four in four days isn’t proof something unusual is going on. It’s possible, for example, that these kinds of deaths occur in clusters, at particular times of the year.

Nevertheless, when four players are struck down in four days, that’s a huge red flag. Especially given the subsequent death of Marcos Menaldo, a 25-year-old Guatemalan soccer star.  Of a heart attack. During training. On January 3rd.

 

 

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January 5, 2022 at 06:01AM