There is no limit to our electricity bills as new spending on renewables has diminishing impact on emissions intensity. Our bills are going to infinity and beyond. A thread (1/n)
First up, we need to acknowledge that measuring the emissions intensity of electricity generation is an imprecise science. Three different datasets from Ember, DUKES and NESO give different results although have a similar shape. (2/n)
The numbers are also a bit of a con, because they ignore the CO2 emissions from burning trees at places like Drax. If these are added back, assuming similar emissions as for coal, the the picture is less impressive (3/n)
Going back to the NESO data, it is clear that the main driver of reduced emissions intensity (solid orange line) has been the removal of coal from the system (grey area) (4/n)
From a peak in 2012, emissions intensity fell from 519g/kWh in 2012 to 195g/kWh in 2019 as coal generation fell from 137TWh to single digits. Each extra GW of wind and solar capacity led to a reduction in emissions intensity of 11.9g/kWh (5/n)
Since 2019, extra emissions reductions have been hard to come by, with emissions intensity falling to 151g/kWh after an addition of a further 9.2GW of wind and solar capacity. A reduction of just 4.8g/kWh per GW of added capacity (6/n)
This is hardly a surprising result because despite big increases in wind capacity, the minimum generation has hardly changed since 2015. 1 x 0 =0, 10 x 0 = 0 and 100 x 0 = 0 (7/n)
Looking at the dotted lines out to 2030, we first have to make an adjustment to the forecast emissions intensity. NESO and the Government decided to ignore the emissions from waste incineration and combined heat & power plants, another con. (8/n)
Adding that back means that emissions intensity falls from 151g/kWh in 2023 to 51g/kWh in 2030 after an addition of a further 81.8GW of wind and solar. This gives a measly reduction of just 0.8g/kWh per GW of extra capacity (9/n)
If we believe the Government can achieve the big acceleration of wind and solar deployment, NESO estimate it will cost £260-290bn. Assuming 8% cost of capital & 2% operations costs, we can expect our bills to rise by £26-29bn per annum or about £1,000 per household (10/n)
The diminishing returns on extra wind and solar capacity means that to achieve the truly "zero-carbon electricity" promised in their manifesto, Labour will send our electricity bills to infinity and beyond. (11/n)
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A thread 🧵on Government plans to force us to pay for their latest whacky Net Zero scheme (1/n)
The Government has launched a consultation on its latest cunning wheeze to increase our already crippling energy bills by forcing us to pay for green hydrogen through a new levy on our gas bills (2/n)
Of course, hydrogen is a colourless and odourless gas, but hydrogen produced by electrolysis using renewable electricity is deemed Green Hydrogen. The last Government planned to install up to 10GW of hydrogen capacity by 2030, of which 6GW would be green hydrogen (3/n)
Cosy Climate Consensus Collapses.
Kemi's abandonment of the Net Zero target has toppled the fragile Jenga tower of climate and energy policy. A thread 🧵(1/n).
The cosy climate consensus began a decade ago when Cameron, Clegg and Ed Miliband (then Labour leader) pledged to work together, effectively taking climate and energy policy out of democratic control (2/n)
Theresa May strengthened the commitment to action in 2019 when she signed into law the Net Zero commitment, effectively increasing the pledge of an 80% reduction in emissions to 100% (3/n)
What is going on with the CCC? Not even an acknowledgement of FOI requests, emails go unanswered and no social media activity. Our climate policy beacon is crumbling(1/n).
On March 3rd I submitted 3 FOI requests asking for the detailed cost estimates, sensitivity analysis of the impact of using realistic costs of renewables & how they had taken into account our dire economic and social circumstances. (2/n)
When I didn't even receive an acknowledgement, I emailed them. No response to that either. More than 2 weeks later no acknowledgement of the FOIs yet either. (3/n)
Why are electricity bills going up? Gas has played a part, particularly in the short term, but if you zoom out and look at a longer timescale, renewables are the main driver of high prices and will continue to be so. A thread 🧵(1/n)
When you dig into the detail, electricity bills are up by £339, from £587 to £894 inc. VAT since April 2019. Of this, Renewables related costs are up £128 - of which network costs +£75, Capacity Market +£12 and subsidies +£40, comprising RO's +£25, CfDs +£11 & FiTs +£4 (2/n)
Direct fuel costs (ex-CfDs), which is mainly the increase in gas prices, are up slightly less at £113, reflecting the increase in wholesale prices going up from ~£62/MWh to £93/MWh. Gas prices up more steeply from £22/MWh to £41/MWh (3/n)
We now have proof that @theCCCuk is the living embodiment of insanity. A thread 🧵(1/n)
Back in 2023, the Royal Society produced a report on Long Term Storage and found that we sometimes get back-to-back low wind years that means a renewables heavy grid needs lots of storage to keep the lights on (2/n)
Then CEO of the CCC, Chris Stark (now head of Miliband's Mission Control) admitted they had made a mistake in only considering a single year of data when calculating how much electricity storage we would need (3/n)
The Climate Change Committee recently released the 7th Carbon Budget and complained a lot about misinformation. But the CCC is peddling disinformation of its own that destroys its credibility. A 🧵 (1/n)
First, despite whining about the poor take up of heat pumps, as far as we can tell, neither the current nor the prior CEO have heat pumps in their own homes. (2/n)
More seriously, the cost of renewable electricity that underpins most of the economics and technology take up rates in their report is away with the fairies: £38/MWh for offshore wind delivered in 2030 (3/n)