By Paul Homewood

Andrew Montford slams John Armitt’s latest intervention in the energy market:

IN 2017 it was announced that windfarms had agreed to sell power to the grid at just £57 per megawatt hour. It heralded, said the cutters-and-pasters of press releases in the mainstream media, a new era of cheap renewable power. A few stubborn souls pointed out that there was no sign that windfarms were getting any cheaper to build and run, but such naysayers were shunned and insulted, and the establishment carried on as if nothing had happened.

Five years on, and the windfarms concerned are busily selling power into the open market at anything between four and ten times the prices they had agreed. Their agreements have gone unfulfilled. The extra cost to consumers is running into billions of pounds every year.

We were tricked, big time. But we live and learn by our errors. You’d have to be pretty slow on the uptake to fall for a multi-billion-pound trick like that a second time, wouldn’t you?

Full story here.

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October 4, 2022 at 03:52AM