The Dying Embers of Net Zero Propaganda

 A quick glance at the headlines reveals we are in the midst of one of the worst energy crises in history. Both oil and gas prices have spiked because of the effective closure of the Strait of Hormuz. UK electricity prices have gone up too.

This has led Ember (the same people who came up with Ed Miliband’s promise to cut energy bills by £300) to claim that renewables have cut gas generation compared to March 2021 and saved us £7 million per day.

Contracts for Difference (CfDs) work by paying generators the market price for the electricity they produce plus a top up to the contract strike price. With market prices rising, we might expect CfD subsidies to fall. But the record shows we paid a record £258 million in CfD subsidies for the month of March in 2026 and a record for the first quarter too. What is going on? ...<<<Read More>>>...