Believer in freedom and democracy. Opposes authoritarianism. Investor in real assets. Man Utd fan. F1 fan. Author of Eigen Values substack.
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On the Political Compass, Net Zero is far-left: massive subsidies for renewables, bans on oil/gas, & Soviet-style plans like Miliband’s Clean Power 2030. No free market here! #NetZero (2/11) 
First up, they assume even lower costs for fixed-bottom offshore wind than the Government's woeful Generation Cost report from 2023. The CCC's assumed costs for 2030 are less than half the value of contract awards in last year's AR6 auction. (2/n) 
The chart above is for medium consumers, where UK prices are 89% higher than EU14 median. Large & v. large UK user prices are 132% & 113% respectively higher than the EU14 median. Very large UK users pay 22.32p/kWh compared to the lowest Finland with just 4.19p/kWh (2/n) 
Overall subsidies for April 2025 came in at £155m across all technologies. This is slightly up on March 2025 (£152m) but much lower than April 2024 (£270m) (2/n) 
Overall bills (including VAT) including both gas and electricity have fallen by £129 or 7%. Interestingly, those on prepayment meters pay less than those on direct debit (2/n) 
Their first question asked whether the costs & benefits of the energy system are reflected in consumer bills. Well, we can certainly see the costs, because the IEA found we had the most expensive domestic and industrial electricity prices in the developed world (2/n) 
Today, Orsted has announced that it is pulling out of its flagship 2.4GW Hornsea Project Four that was granted a contract only last year in AR6 (2/n) 
It's fashionable these days to claim that politics is downstream of culture. But that's a result of narcissists insisting that men can become women and everything is racist that ignore the great arc of human history (2/n)
To hit CP2030, we need 50.7GW of offshore wind by 2030, 29GW onshore and 58.4GW of solar capacity. Offshore wind is supposed to deliver 187TWh out of the total 289TWh coming from wind and solar (2/n)
To recap, Orsted's Hornsea Project Three was originally awarded a CfD contract in 2022 under Allocation Round 4 (AR4) for a capacity of 2,852MW at £37.35/MWh (2012) or about £52/MWh in today's money (2/n) 
Sarah Montague interviewed Adam Berman of Energy UK. His argument was that gas sets the wholesale price of electricity most of the time and the marginal costs of gas-fired electricity are higher than those of wind power (2/n)
FY2024/25 was the second highest CfD subsidy year on record, driven by a big increase in biomass subsidies, a euphemism for burning trees (2/n) 
Helpfully, you can filter the database by author. Yours truly is the highest ranked UK individual, with US creators like Tom Nelson, Steve Milloy and Alex Epstein topping the list (2/n). 
The CCC's estimates of capex and opex in the 7th carbon budget are expressed as the difference between the costs of the Balanced Pathway and a notional baseline level of spending. It's not possible to work out the gross costs of either from the data they released (2/n)
Back in 2023, the Royal Society analysed 37 years of weather data & calculated we would need 123TWh (hydrogen) or 68TWh (electrical) to keep the lights on with a renewables only grid (2/n) 
First up, DESNZ has appointed former shadow energy minister Alan Whitehead to head a review into Greenhouse Gas Removals (GGR). This includes BECCS and DACCS (2/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)
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) 
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)