The UK shelled out a record amount in subsidies to renewables last year, according to Net Zero Watch. The green energy cash gush under the Contracts for Difference scheme—designed to prop up low-carbon electricity generation—has smashed through 2020’s eye-watering £2.3 billion record, with the figure for 2024 likely to hit £2.4 billion. Meaning Britons are being charged £20 million per day under this one scheme alone…
Net Zero Watch director Andrew Montford didn’t hold back, asking: “How much more pain does the Government think the public and the economy can take?” Meanwhile, the OBR forecasts more renewable schemes, including the Capacity Market and Warm House Discount, are set to blow past records in 2024–25 too. This comes as bill payers forked out nearly £1 billion last year to pay wind farms to switch off because the national grid couldn’t handle the load. Red Ed ignoring Trump’s breezy wisdom to “open up the North Sea” and “Get rid of Windmills”…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”