Renewable Subsidies Have Cost £78 Billion In Last 10 Years

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

According to Boris Johnson:

“Overall, if you look at what we have done with renewables it has helped to reduce bills over the last few years and will continue to do so. That’s why one of the things I want to do is use this moment to really drive towards more offshore wind turbines.”

Perhaps he should read what the Office for Budget Responsibility have to say. According to their annual Medium Term Forecasts, subsidies for renewable energy have cost the public £78 billion in the last ten years. This equates to about £3000 per household.

Nearly all of this has been added to energy bills, although a small part, the RHI scheme, is funded out of general taxation. As domestic users only consume about a third of total electricity generation, their bills reflect about a third of this cost. However, the public end up paying…

View original post 95 more words

2 Comments (+add yours?)

  1. piedmonthudson
    Apr 24, 2022 @ 16:50:24

    How much have fossil fuel subsidies cost?

    Like

    Reply

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