More bludging green energy ratbags

Time to knock all this green bludging on the head.

Global warming is proving to be a myth, there is no need for these wasteful power projects. They just seem to always be sticking their hands out for more again and again.

Energy minister Greg Barker has rejected industry pleas for higher subsidies for offshore wind farms – despite warnings from the government’s official adviser that financial support is being cut too severely.

Greg Barker, the energy minister, told the Telegraph he was confident that proposed subsidy levels – which would be see support cut by 13pc over the next five years – were high enough.

“Investors will always want more,” he said. “We believe that what we have set will be sufficient to drive the necessary scale of investment and strikes the right balance between the interests of the consumer and the necessary return for investors to ensure we deliver the capacity.” 

Earlier this month the Committee on Climate Change (CCC), the government’s official adviser, wrote to energy secretary Ed Davey to warn that “required investment is at risk under current proposals”.

Offshore wind farms are expensive to build and are reliant on subsidies, which are paid for by levies charged to consumer energy bills.

Despite political infighting over onshore wind farms, ministers have insisted they want to see many more offshore wind farms built. However, they say the costs of the projects must fall dramatically this decade to ease the burden on consumers, and are consulting on proposed reductions in subsidies.

Under the plans, wind farms that start running in 2014-15 would be offered £155 for every megawatt-hour (MWh) of electricity generated over a 15-year contract – about three times the market price.

This would fall to £135/MWh for projects starting up in 2018-19, which the CCC said was a steeper cut “than the evidence suggests is achievable”. It recommended a lesser reduction to a price nearer £145/MWh.

David Kennedy, chief executive of the CCC, said: “I have spoken to every major investor and they are all concerned.”

But Mr Barker dismissed Mr Kennedy’s claim, insisting: “That’s not my experience at all.” He said: “We are not in the business of overpaying.”

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