Put simply, it is arithmetically impossible for Ed Miliband’s favoured policies to produce lower bills, partly because they grant to renewable energy generators fixed prices that are higher than the cost of power from gas, and partly because the costs of stabilising the grid that is increasingly dominated by unreliable renewables cause ever increasing prices.
Like sunlight at midnight and wind in a dunkelflaute, basic arithmetic is a rare commodity in green Westminster. But this week, an injection of elementary maths was delivered right to the heart of SW1A. It was an extremely clear lesson. But were MPs listening?...<<<Read More>>>...
