£16.5bn for green energy on your bill
Posted: 27 Jun 2014, 10:13
That is how much the government has guaranteed to pay eight schemes - five wind farms and three biomass (1 new, 2 conversions). It is on top of the £billions currently given as subsidies. The hand-outs have been awarded because the schemes will not be profitable unless the market price sky-rockets. Under normal business rules if something will not make a profit, or is inefficient, it is either not started or is closed down.
The only reason for building these schemes is an attempt to reduce the UK's carbon footprint. However, wind farms are already known to be useless for providing base-load, and Drax, one of the biomass conversions, already imports 7.5 million tonnes of biomass fuel from the USA and Canada because the UK cannot meet its needs.
The only reason for building these schemes is an attempt to reduce the UK's carbon footprint. However, wind farms are already known to be useless for providing base-load, and Drax, one of the biomass conversions, already imports 7.5 million tonnes of biomass fuel from the USA and Canada because the UK cannot meet its needs.