By Paul Homewood
h/t Ian Cunningham
https://www.bbc.co.uk/news/articles/crkep1vx3mro
Yet more disinformation from BBC Verify.
The two activists, Poynting and Reuben, tie themselves in knots in their attempt to deny the undeniable.
They start, of course, from the false assumption that “renewable energy is cheaper than fossil fuels, and then wonder why the UK has some of the highest electricity prices in the world.
They waffle about how electricity prices are “funding environmental projects”, but never get to the crux of the problem, which is very easy to understand.
This year, our electricity bills will be £12.9 billion higher than they should have been because of subsidies for those “cheap” renewables. This is an increase of £3 billion since 2023/24, and the cost will keep on rising:
Secondly, even the new renewable energy Miliband wants to see is not cheaper than gas power either.
The offshore wind projects which won contracts last year will be paid £83.01/MWh at current prices. According to OFGEM, the wholesale price of electricity ranged between about £60 and £90/MWh during 2024. At best new offshore wind will be about the same as gas.
Electricity Forward Prices
https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators
There is also no evidence of the “volatility” in gas prices, which BBC Verify claim exists. Take away the Ukraine war spike in 2022, and gas prices show long term stability.
Gas Forward Prices
https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators
If BBC Verify was doing its job properly, it would have looked at NESO’s Clean Power 2030 report, which makes clear that grid upgrades, curtailment costs, storage will INCREASE electricity costs by £25/MWh by 2030 – another £8 billion on our energy bills.