Quotulatiousness

October 20, 2015

The economics of wind power in the UK

Filed under: Britain, Economics, Media — Tags: , , — Nicholas @ 04:00

James Delingpole on the sleight-of-hand employed by the media to pretend that wind power is far more economical than it really is:

Wind power now UK’s cheapest source of electricity – but the Government continues to resist onshore turbines.

That was the headline in the Independent this time last week. I’m not suggesting for a moment that you’re an Independent reader but suppose for a moment you were: what do you think your reaction might have been?

Mine, I suspect, would have been not dissimilar to that of the eight thousand readers who decided it was worth sharing – and indeed that of the two or three who used it to needle sceptics on Twitter.

“Take that, evil deniers!” I would have gone in my smug, Independent-reading way. And it would never have occurred to me to question the premise for a number of reasons.

1. It was written by the Environment Editor on a reasonably well-respected national newspaper. And people with responsible jobs like that don’t make shit up, do they?

2. The data came from Bloomberg New Energy Finance – “the world’s leading provider of information on clean energy to investors, energy companies and governments.” Well if they say so it must be true. Bloomberg – they’re kind of a big deal in financial information, right?

3. It wasn’t just the left-leaning Independent that ran with the story. The story also appeared in the Guardian which, though also pretty parti-pris where environmental issues are concerned, does tend to pride itself on its accuracy and integrity (relative, say, to its arch-enemy the Murdoch press) and its willingness to rectify even the slightest mistake in its Corrections section. And more significantly, it ran in the unashamedly free-market City Am which, you might have imagined, would never dream of writing a headline like “Wind power now the cheapest electricity to produce in the UK as the price of renewable energy continues to drop” without first checking to see whether the press release was accurate.

Well, since the story ran, Paul Homewood has been doing a bit of homework. And guess what? Yes, that’s right. Wind power isn’t the cheapest source of electricity in the UK or anywhere else in the world. Not by a long chalk. It’s at least twice the price, for example, of electricity generated from that hated but remarkably cost-effective fossil fuel, gas.

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