‘Obscene’ UK windfarm subsidies revealed

Posted: April 16, 2021 by oldbrew in Accountability, Critique, Energy, Subsidies, wind
Tags: ,

big-greenSome electricity consumers may feel like muttering obscenities if they see the figures. Meanwhile the BBC insists renewables are now cheaper than coal.
– – –
The Global Warming Policy Forum has condemned what it called the “obscenity” of windfarm subsidies and has called for a complete rethink of energy policy.

GWPF research has shown that just six offshore windfarms are now sharing £1.6 billion pounds in subsidies between them every year.

Three receive annual subsidies of over a quarter of a billion pounds each year.

On a single day in April last year, Hornsea 1 received a subsidy payment of nearly £1.5 million pounds.

The level of subsidy is sufficient to cover the construction cost of these windfarms in just six or seven years, meaning that future payments will represent almost pure profit for the operators.

The cost of the Contracts for Difference regime is accelerating, and rose by £0.7 billion last year alone, reaching £2.3 billion in 2020.

Consumers are already paying out £6 billion under the Renewables Obligation and another £1 billion under the Capacity Market.

Direct subsidies therefore amount to an annual payment from each household of £350, a sum that is rising by at least £25 per year.

There are further bills to pay too, because windfarms are causing destabilisation of the electricity grid. The cost of the Balancing Mechanism, which deals with grid imbalances, is rising rapidly, costing each household £65 per year, a figure that is rising at a rate of £20 per year.

Continued here.

Comments
  1. craigm350 says:

    Reblogged this on WeatherAction News and commented:
    Once the inflation from the Covid fiat kicks in, especially in a cold winter when the winds are light, it will be choosing to heat or eat. The obscene theft of the public purse via subsidies is not sustainable.

  2. oldbrew says:

    Great Britain’s pipeline for renewable and battery projects skyrockets to 86GW
    Friday 16 April 2021

    https://www.energylivenews.com/2021/04/16/great-britains-pipeline-for-renewable-and-battery-projects-skyrockets-to-86gw/
    – – –
    Don’t mention the subsidies. And don’t fall for energy storage mythology…

    Busting The Renewable Energy ‘Storage’ Myth: It’s All About The Numbers (And The Weather)
    April 15, 2021 by stopthesethings

    The management of a system that had to constantly balance storage and deficits on a daily basis would be fraught with complexity and it would not take much for the system to fall over completely, something like a week of wind drought for example.

    https://stopthesethings.com/2021/04/15/busting-the-renewable-energy-storage-myth-its-all-about-the-numbers-and-the-weather/

  3. Phoenix44 says:

    The bizarre thing is the Greens keep going on about greed and profit being bad yet turn blind eye to the greed and profit the renewable investors. The majority of those are rapacious capitalists who are well aware that it’s the subsody/tax regime that makes them rich. But that’s all right when it’s Green apparently.

  4. Curious George says:

    “The level of subsidy is sufficient to cover the construction cost of these windfarms in just six or seven years”.
    How about operating costs, and decommisioning costs?

  5. gbaikie says:

    And doesn’t reduce local CO2 emission and increases global C02 emissions- and global pollution. And creating in time, a toxic wasteland {or ocean- could just dump into the ocean, a cheaper fix in the future- oh, they somehow sunk in the storm- and it makes underwater garden}.

  6. Phil Salmon says:

    The claim that intermittents (a better name than “renewables”) are cheap is a pure lie. Always has been, always will be.

  7. tallbloke says:

  8. tallbloke says:

  9. cognog2 says:

    Whether the weather be calm,
    Or whether the weather be not,
    We are taxed on the weather,
    Whatever the weather,
    Whether we like it or not.

  10. oldbrew says:

    ‘Texas—and California and the other 12 states on the Western Interconnection grid—are at high risk for blackouts this summer for much the same reason: Texas has overbuilt wind while California has overbuilt solar.

    Both have placed enormous financial pressure on reliable thermal generation, causing many thermal power plants to be retired prematurely or not built at all.

    The more dependent the entire U.S. grid becomes on unreliables, the more it is increasingly at risk of blackouts.’

    https://climatechangedispatch.com/how-overreliance-on-wind-and-solar-fed-texass-power-outages/

    While nobody listens, the blackout threat keeps rising until the inevitable happens.

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