British renewables subsidies cost households £340 per year each

Looking past the smoke and mirrors game, we find the true financial pain being inflicted on UK electricity customers in the name of climate ideology aka the Climate Change Act.

The total annual renewables subsidy impact on UK household cost of living is £9 billion — which comes to £340 per year per household, says The Global Warming Policy Forum (GWPF).

The low and much-publicised offshore wind bids for Feed-in Tariffs with Contracts for Difference (FiTs CfDs) continue to confuse many analysts, even those from whom one might expect clear-eyed caution.

A writer for CapX (“What is the point of Corbyn’s nationalised wind farms?”), to select an example almost at random, quite correctly takes issue with the Labour Party’s reckless plans for major public investment in further offshore wind, but does so on the mistaken ground that “offshore wind is a big success story […] delivering ever more clean energy, at ever lower prices, for a fraction of the price of Labour’s plan”.

However, and as a matter of fact, none of the low-bidding wind farms have actually been built, and the 8.5 GW of operational offshore wind capacity which is “delivering” is without exception very heavily subsidised.

Electric cars: call for tax on road usage to cover lost fuel revenue

Electric car charging station [credit: Wikipedia]

The advice is to act soon, before too many EV owners get used to the idea that their road journeys should always be much cheaper than those made in fuel-burners.

Britain should move to a system of road pricing to combat congestion and compensate for the £28bn loss of revenue from fuel duty as the country makes the transition to electric vehicles, the Institute for Fiscal Studies has said.

The thinktank said the government’s pledge that the UK would reach zero net emissions by 2050 meant the tax take from petrol and diesel would shrink to nothing over the coming decades and a new way to raise money from drivers was needed, reports edie.net.

Electric vehicle push in Norway could add $1.3 billion to power bills by 2040: study

Teslas in Norway [image credit: Norsk Elbilforening (Norwegian Electric Vehicle Association)]

Norway is one of the world’s largest exporters of oil, also of natural gas. Loss of revenue from fuel taxes seems not to be a problem for them, but high demand by car users for electricity at certain times of the day could be. Are other countries ready for such issues?

OSLO (Reuters) – Norway’s power grid is likely to need an 11 billion crown ($1.27 billion) upgrade over the next 20 years to meet demand from the country’s growing fleet of electric cars, with consumers likely to have to foot the bill, a study has shown.

Electric car (EV) sales in Norway reached a record-high in March, with almost 60% of new cars sold fully electric, a result of state policy to exclude such vehicles from certain taxes and offer free or cheaper road tolls, parking and charging points.

Chill Wind Of Reality Blows Through The Green Energy Lobby

They will just rattle the begging bowl in front of gullible leaders even more frantically.
H/T Climate Change Dispatch

In recent weeks, observers of the energy scene have been wondering if the long honeymoon of the renewables industry might finally be over.

They’re right, says Andrew Montford.

EU renewables capacity additions have been falling for years, and have now declined to less than half of their 2010 peak.

Meanwhile, a wave of insolvencies is sweeping the wind industry as a result of the sharp scaling back of subsidies.

Regressive Renewables: Chaotically Intermittent Wind & Solar Deliberately Designed to Destroy Wealth & Prosperity

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Expensive, unreliable, ineffective, hard or impossible to recycle – what was the point of large-scale renewables again?

STOP THESE THINGS

Australia’s Renewable Energy Target reads like a National suicide note, but the land of Oz is no orphan in that regard. If the enemies of state were looking for insidious, all-pervasive policy perfectly designed to wreck an economy from within (while barely raising a murmur amongst the proles), they need look no further than ratcheting up subsidies, mandates and targets for intermittent and unreliable wind and solar.

Australia’s wind and solar capital, South Australia set and met its very own 50% RET: it pays the world’s highest power prices, as a result; little wonder it’s an economic backwater, critically dependent upon make-work schemes funded by Commonwealth taxpayers. Once upon a time, it enjoyed the cheapest power prices in Australia and was a manufacturing powerhouse.

Places like South Australia, Denmark and Germany put paid to the lie that wind and solar are both cheap and reliable.

But, as Michael Shellenberger…

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Tesla’s bad news accelerates as Wall Street loses faith

Tesla model X [image credit: IB Times]

Can electric car companies ever be financially viable? The Tesla example isn’t looking too good since government subsidies were withdrawn, pushing up prices. This article asks if Tesla is running out of buyers for its vehicles.

Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot, says Phys.org.

Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk.

But around the middle of December, investors started having doubts about the former Wall Street darling’s prospects for continued growth, and the stock started a gyrating fall that was among the worst in company history.

For the year, the share price is down around 40%, largely on concerns Tesla is running out of buyers for its vehicles, which range in price from a base $35,400 Model 3 to a larger Model X SUV that can run well over $130,000.

UK’s EV growth ‘is severely lagging behind the rest of Europe’

Nissan Leaf electric car on charge [image credit: drive.co.uk]

Oh dear. Bribes not big enough any more? No sign of mass market take-up anyway.

The European Automobile Manufacturers Association says 2018 sales of EVs were more than twice as high in France and Germany than in the UK, says Energy Live News.

That’s the verdict from the European Automobile Manufacturers Association (ACEA), which has published a new report showing the UK sold a total of 15,510 fully electric cars last year, a rate of 13.8% growth on 2017.

However, it highlights that average growth across the continent between the two years was 48.2%, rising to 53.2% among just EU member states.

Western Link failure leaves energy users facing £36m bill

[image credit: beforeitsnews.com]

From the Times:

Consumers in England and Wales may have to pay millions of pounds in compensation to Scottish wind farms after a £1.1 billion underwater cable failed for a second time.

The Western Link, which connects Hunterston in Ayrshire and Connah’s Quay on Deeside, will be out of action until the end of May as engineers tackle a failure 90 miles off the Scottish coast.

Surprise: electric car subsidies largely benefit ‘rich’ Tesla and Jaguar drivers

Tesla model X [image credit: IB Times]

H/T Climate Change Dispatch
No surprise at all, of course. The Dutch subsidy budget for electric cars is already in the red, so how they expect to go all-electric by 2030 is a mystery. High prices even with a subsidy, and concerns about batteries and range, have so far put off the majority of motorists anyway.

Around half the government fund to stimulate people to drive electric cars has ended up in the hands of ‘rich Tesla and Jaguar drivers’, the Volkskrant said on Wednesday.

Last year, the government said it would fund tax breaks totaling €700m for electric car drivers.

UK: £1bn subsidies given to firms for burning wood could be scrapped

Drax power station [credit: drax.com]

Such massive subsidies probably couldn’t suddenly disappear, but might be scaled back or even phased out. Contrary to the report, carbon dioxide contributes nothing to air pollution..

Controversial subsidies for burning wood in power stations could be scrapped in the drive to clean up Britain’s air.

Firms across the UK that burn wood pellets currently receive about £1billion a year because, unlike coal, these are considered renewable sources of energy, says the Daily Mail.

Australians could get $2000 cash back for homes that go solar

Image credit: sunpower.com.au

Saving money thanks to government subsidies always invites the question: who is really paying for the offer? No prizes for guessing.

Labor wants Australian suburbs to run on batteries through a plan to subsidise solar power storage for thousands of households, reports news.com.au.

And it believes the plan could cut electricity bills by 60 per cent.

Subsidised plug-in cars driven on fuel

Credit: dieselstation.com

Company car drivers don’t have time to wait for recharges when working, even if they could find an available charging point, and usually they aren’t personally paying for the fuel anyway. Farcical waste of subsidies, but at least the batteries won’t be worn out when these vehicles hit the second-hand market.

Plug-in hybrids bought for fleets with subsidies may never have been charged, research for BBC shows.

Tens of thousands of plug-in hybrids (PHEVs) bought with generous government grants may be burning as much fuel as combustion-engine cars.

​Data compiled for the BBC suggests that such vehicles in corporate fleets averaged just 40 miles per gallon (mpg), when they could have done 130.

Time To Pull The Plug On Electric Vehicle Handouts For The Rich

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How long does an introductory incentive period for EVs have to go on for? The hefty subsidies have to come out of finite state budgets.

PA Pundits - International

By Nicolas Loris and David Grogan ~

Earlier this year, Congress passed an irresponsible budget bill that included handouts for electric vehicle owners and alternative fuels.

Eager to frivolously waste more taxpayer dollars, some legislators are now pushing to extend the electric vehicle tax credit and lift the cap on the number of vehicles that qualify for the credit by each manufacturer.

In 2014, 79 percent of electric vehicle tax credits went to households making over $100,000. (Photo: nrqemi/Getty Images)

Doing so would reward special interests and only benefit the wealthiest Americans. Congress should instead eliminate the subsidies for electric vehicles.

Promoted as a way to wean Americans off their alleged addiction to oil, both federal and state governments have generous handouts for electric vehicles. Consumers can use up to $7,500 of other peoples’ money to buy an electric vehicle.

Add in-state and local incentives and that number can easily top…

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Bangkok climate conference sounds alarm ahead of UN summit

Yet another climate conference?

It’s always alarm time in the climate alarm industry, obviously. This time it’s because the Paris agreement begging bowl is not filling up at anything like the required rate. The Green Climate Fund is in disarray and the US government has turned against the whole globe-trotting circus.

Time is running out to save the Paris Agreement, UN climate experts warned Tuesday at a key Bangkok meeting, as rich nations were accused of shirking their responsibility for environmental damage.

Trump to California fuel standards: “You’re fired!”

Image credit: auto.ndtv.com

US Government efforts to bulldoze Americans into buying more electric cars seem to be over.

Driven by Green ideology, the Obama Administration set unrealistic fuel standards (a.k.a. “CAFE” rules) for cars sold in America, says CFACT.

Yesterday, the Trump Administration announced it is putting a freeze on their implementation before any serious damage is done.

Ever wonder where the 275 billion taxpayers money went that got poured down the EU carbon trading system hole?

Talkshop readers may remember a damning report by UBS about the billions of public money lost in the ETS carbon trading system. It calculated that if the money had been invested in modernising the European power generation fleet, CO2 could have been cut by 40% (and generate a huge number of high quality jobs). EU emissions rose 1.8% last year.

Despite all the recent turmoil over the UK steel industry and meetings in Brussels today, the reality is that the European Union has actually been subsidising the Chinese steel industry for years, in payments hidden amongst its efforts to combat Climate Change.

Using complex methods of carbon credits and carbon offsets, the EU devised rules on climate change ended up paying Chinese steel manufacturers billions to upgrade their steel mills and other energy intensive industry.

According to the analysis company, European Insights, almost €1.5 billion was paid to over 90 steel plants in China with the purpose of modernising them to consume less energy, and making the plants more efficient. Taken with the downturn in Chinese trade and the need for them to reduce world market prices to sell their product, the output of these mills has flooded onto the European market making steel products artificially cheap and endangering thousands of jobs in the UK. One plant alone, Anshan Iron and Steel, received a payment of €150 million to help pay for the installation of up to date equipment and replace the old inefficient Communist era machinery.

German ‘eco-friendly’ gas power plant set to be idled for third successive year

Irsching 4 gas power plant, Bavaria [image credit: E.ON]

Billed as ‘the world’s most eco-friendly fossil fuelled power plant’ when it opened in 2011, the owners say Irsching is not commercially viable due to the built-in advantages handed to part-time subsidised renewables. Meanwhile Germany continues building cheaper-to-run coal-fired power stations to help replace its nuclear fleet. A strange situation to be in.

German utility Uniper announced on Thursday that it had applied to extend the closure of its loss-making Irsching 4 and 5 gas-fired power generation plants with a capacity of 1400 MW for a third year beyond April 2019, reports PEI.

Uniper and the other owners of unit 5, N-Ergie, Mainova MNVG.DE and HSE, see no way to ensure the Bavarian plant’s commercial viability, it said in a statement.

Bad books: How Ontario’s new hydro accounting could cost taxpayers billions

Hydro power lines in Ontario

Once again the high cost of so-called ‘green’ policies turns out to be politically embarrassing, and attempts to hide the true facts seem to have made things much worse.

As Ontarians head to the polls in June, voters have to make sense of two competing versions of their province’s bottom line: The Auditor-General’s and the Kathleen Wynne government’s, reports Toronto’s Globe and Mail.

Matthew McClearn investigates how creative accounting in hydro revenue made their math so different.

Ed Hoskins: UK Weather Dependent Renewable Energy installations: Installed capacity, costs and output 2017

Introduction

This post is concerned with the two main forms of UK Weather Dependent Renewable Energy in the UK, Wind Power, (Onshore and Offshore), and on grid Photovoltaic Solar Power.  In the UK these amount to ~75% of all installed Weather Dependent Renewable Energy.  The other Renewable energy inputs are traditional Hydro power ~8% and the remainder are other sources such as biomass, waste and landfill gas amounting to ~17%.

The capacity percentage, or load factor, of any power generating installation is calculated as the actual electrical output achieved annually divided by the nominal maximum Nameplate output.  This article uses the real measures of capacity reported in up to date time series data of UK Renewable installations.  It thus provides reasonably correct comparisons of the efficacy of Weather Dependent Renewables as is reported annually by the Renewable Energy Foundation in the UK.
 

Tesla faces turmoil as cashcows look nervously at share price falls.

By Jim Collins

It is amazing to me that Tesla stock closed the penultimate day of February above $350 per share and today is struggling to hold $295 per share.  The volatility in TSLA shares has bitten the longs with a 15% decline in 19 trading days, and the bulls are struggling to make coherent arguments.  That points to the most pressing issue facing Tesla and its CEO Elon Musk: time.