The UK’s insatiable climate agenda has led to an economic
disaster, with high electricity rates and energy poverty affecting many
citizens.
Government “green” policies have driven manufacturers away and investors are fleeing, with thousands of jobs being lost.
Across
the Atlantic, a self-inflicted disaster is steadily unfolding. One of
the United States’ closest allies, the United Kingdom, has surrendered
energy riches and industrial prowess.
This decline is not the
result of any shortage of capital, technological capacity or natural
resources. Instead, it is the consequence of an ideologically driven
climate agenda that has elevated “green” symbolism over engineering
reality.
For years, politicians have beaten their chests about
the UK’s “world-leading” renewable capacity. They paraded statistics
showing wind and solar generating most of the electricity, conveniently
ignoring that this only happens when the wind blows and the sun shines.
When
“green” generation doesn’t perform, British taxpayers pay for natural
gas-fired power plants to back up idle facilities and stabilise the
grid. They also pay “constraint payments” to switch off wind turbines
when it is too windy to operate them.
This is the great
deception of the Levelised Cost of Energy (“LCOE”) metric that the green
lobby loves to cite. LCOE excludes the enormous price
of grid balancing, backup generation, curtailment payments,
transmission expansion and subsidies – all required to prop up the green
sham.
In the real world – where bills must be paid – the UK has created for itself some of the highest electricity rates on the planet, up to four times more than in the United States. One-third of Scots live in energy poverty. But the real cost never shows up in glossy charts that promote manipulated data representing wind and solar as cheap....<<<Read More>>>..
