@7Kiwi Part of what we said yesterday:
'It's never wise to use lawyers to try to retrieve your reputation if you, and they, use specious argument, resulting in what can only be described as 'being hoist by your own petard'.
@staylorish And imagine, in the event of independence, as was stated in 2012 would be the case, that subsidy costs, current and legacy, were to be paid purely by Scottish consumers.
@aNorthernGarden@mwt2008@mattwridley@DailyMail The bit which did it for us was he said that Matt Ridley had quoted 2030 offshore predicted figure of £38/MWh but that was in 2012 prices. No, it wasn't. The CCC explicitly stated it in 2023 prices in its 7th Carbon Budget.
@NetZeroWatch@EdwardJDavey Reckless, and a flip-flopper, too:
2012/13: ' “I love shale gas, fracking is not the evil thing that some people make it out to be.” (Ed Davey)
Absolute cobblers. The base costs of existing renewables are more expensive than gas (even with a carbon tax). Then add on the £32/MWh to cover grid balancing and backup and even new renewables are much more expensive. Net Zero is increasing our bills. Link to detail in reply.
@Ed_Miliband is as bad. He keeps saying renewables are cheap when they are clearly more expensive than gas fired generation
The most recent offshore wind subsidy was 13% higher than the gas based wholesale power price
Renewables backup costs are going up
Renewables curtailment costs going up
Renewables connection costs going up
Renewables balancing costs going up
This evening my latest report: "The true affordability of net zero", was launched at an event hosted by The Lord Offord of Garvel, Shadow Minister for Energy Security and Net Zero in the House of Lords.
The event was attended by MPs, Peers and members of the energy community as well as the press. It’s the first time a report of mine has received quite so much attention, and it was great to see so many people there (thank you to everyone who came!)
The costs of net zero are a hot topic. While @Ed_Miliband repeats over and over that renewables are cheap and gas is the reason for our high power prices, this report demonstrates that these claims are simply untrue.
While gas prices undeniably set the wholesale price of electricity, this is only c 40% of what we pay in our bills. Gas prices are falling while the costs of renewables are rising. The most recent subsidy round, AR6 saw offshore wind price around £10 /MWh higher than the average day ahead wholesale electricity price in 2024.
An even that wasn't enough with @Orsted cancelling its Hornsea 4 project saying it was uneconomic.
It's time for a more honest debate about the true costs of net zero. I hope this report can inform some of that discussion.
#netzero #renewables #energycosts
https://t.co/bXOkQ8Uj30
@KathrynPorter26 How we've introduced the report this morning. '..factual, concise, easy to understand (belying the extraordinary amount of work and knowledge which has gone into it).
Thank you, Kathryn.