Quotulatiousness

March 28, 2013

British energy prices graphically explained

At The Register, Lewis Page debunks the propaganda from the government and shows the cost components of British energy prices from the government’s own published source:

The government’s Department of Energy and Climate Change, with the current minister as mouthpiece, has just pushed out a report claiming that its green policies are saving us money now and will save us even more in coming decades. Can it be true? We can save the planet — or anyway reduce carbon emissions — and it not only costs nothing, but puts money in our pockets?

In a word, no: of course not. If that was true there would be no need for government action, we’d be acting to reduce carbon emissions on our own. And indeed, once you skip the foolish tinned quotes and bogo-stats in the executive summary, the report itself makes it very clear that in fact green policies are already to blame for most of the sustained climb in electricity prices we’ve suffered over the past decade — and that it’s going to get a lot worse.

The blue and brown bars are what you would pay without green intervention. The rest is thanks to the greens.

The blue and brown bars are what you would pay without green intervention. The rest is thanks to the greens.

So there you are, plain as day. The various green interventions in the UK and EU energy markets which have come in since the turn of the century are already costing you a hefty sum — the government have already forced up the price you pay for electricity today by nearly 20 per cent over where it would have been if they’d left matters alone. If they carry on as planned, by the year 2030 they will have managed to drive it up by more than a third over where it would normally be.

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