They're at it again:
Bent MP's and a delapidated former broadcaster are out lobbying against renewables, because... er ... gas is proving to be expensive and insecure.
This is like upping your alcohol intake because of an ALD diagnosis. (As one of 'em seems to be doing 😉)
1/
Bent MP's and a delapidated former broadcaster are out lobbying against renewables, because... er ... gas is proving to be expensive and insecure.
This is like upping your alcohol intake because of an ALD diagnosis. (As one of 'em seems to be doing 😉)
1/
Let's be clear: gas price volatility is due to energy companies not locking down purchases far enough in advance, because generally buying day to day costs less than 6 months or year ahead. Then one day it doesn't. But that's OK; vast profits in the good times then go pop
2/
2/
leaving the customers or ultimately the taxpayer to take the hit.
The cure is not to swerve away from renewables; the cure is to regulate energy companies to force them to hedge properly against future wholesale price variations.
3/
The cure is not to swerve away from renewables; the cure is to regulate energy companies to force them to hedge properly against future wholesale price variations.
3/
The volatility issue is particularly exacerbated by our reckless departure from the IEM and the insane decision by HMG to let their friends at Centrica close 70% of our strategic gas storage, to save a few quid for the shareholders.
4/
4/
Lets also be clear about energy insecurity.
This has 3 drivers:
A. Leaving the IEM puts us outside its "solidarity agreement"; if one member (eg Netherlands) has a gas crisis then other members (eg Norway) must help including diverting supplies way from non-members (eg UK)
5/
This has 3 drivers:
A. Leaving the IEM puts us outside its "solidarity agreement"; if one member (eg Netherlands) has a gas crisis then other members (eg Norway) must help including diverting supplies way from non-members (eg UK)
5/
B.Storage closure.
C. Fossil fuel comes from politically unstable regions; the Middle East, Russia, Texas (😉).
The solution is to rejoin the solidarity agreement (ie rejoin the IEM - note 3rd countries can join) AND reduce gas dependency, by phasing out...
6/
C. Fossil fuel comes from politically unstable regions; the Middle East, Russia, Texas (😉).
The solution is to rejoin the solidarity agreement (ie rejoin the IEM - note 3rd countries can join) AND reduce gas dependency, by phasing out...
6/
the use of gas-fired boilers and phasing in greater use of heat-pumps and more renewable power generation.
The solution is NOT fracking.
The gas produced by fracking is
a) Too little (commercially extractible)
b) Too late (you don't just wave a wand and magic it up)
7/
The solution is NOT fracking.
The gas produced by fracking is
a) Too little (commercially extractible)
b) Too late (you don't just wave a wand and magic it up)
7/
c) Too dangerous (tremors).
d) Too dirty (groundwater).
e) Too much greenhouse gas equivalent (massive methane leakage, massive input energy)
Fracking as a solution the UK's immediate gas crisis is farcical.
But as "get rich quick and leave the taxpayer to pay for cleanup"
8/
d) Too dirty (groundwater).
e) Too much greenhouse gas equivalent (massive methane leakage, massive input energy)
Fracking as a solution the UK's immediate gas crisis is farcical.
But as "get rich quick and leave the taxpayer to pay for cleanup"
8/
it is unbeatable.
For a few people. A tiny handful of wealthy people.
Who funds you Andrew Neil?
Who funds you Steve Baker?
Who funds you John Redwood?
'nuff said.
9/9
For a few people. A tiny handful of wealthy people.
Who funds you Andrew Neil?
Who funds you Steve Baker?
Who funds you John Redwood?
'nuff said.
9/9
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