Wind Industry Blackmails U.K., Demands Huge Increase In Subsidies

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Now Britain is finding out that investing in windmills for power was the stupidest thing ever.  The very companies that they gave birth to are demanding higher and higher subsidies to bail them out of red ink. In fact, the industry has never been profitable and has only pushed electric rates into the stratosphere. ⁃ TN Editor

In a move that gives the lie to years of propaganda claiming falling costs, the wind industry’s leading lobbyists have written to the Government threatening to abandon the U.K. unless subsidies for their companies are hugely increased.

The industry lobbyists claim that unforeseen rising costs now require three actions:

  1. A revision to the auction rules so that the winners are not determined by lowest bids but by an administrative decision that weights bids according to their ‘value’ in contributing towards the Net Zero targets.
  2. Special new targets and thus market shares for floating offshore wind, one of the most expensive of all forms of generation;
  3. A vast increase in the budget for the fifth auction (AR5) of Contracts for Difference subsidies, with an increase of two and half times the current levels for non-floating offshore wind alone;

Such changes, were the Government to agree to them, would not only increase the total amount of subsidy to an industry that was until recently claiming no longer to need public support, but also provide the industry with protected shares of the energy market, eliminating risks for investors at the expense of the paying public. It would also clearly be an open invitation to corruption.

Climate lobby group Net Zero Watch has urged the Government to stand up for consumers by rejecting the wind industry’s latest demands.

Dr. John Constable, Net Zero Watch’s Energy Director, said: “It would be both absurd and counterproductive for Government to bail out the wind industry in spite of the evident failure to reduce costs. A refusal to learn from mistakes will be disastrous.”

In a press release, the organisation argued the Government should “reject the self-serving demands” because the U.K. economy should not be expected to continue to subsidise a sector “that is still uneconomic after nearly 20 years of above-market prices and guaranteed market share”.

“The wind experiment has failed and must be wound down,” it adds.

The Government should also be mindful that U.K. households and businesses are already experiencing extreme pressures on budgets, and a further burden on the energy bill should not be tolerated, it says.

This is particularly the case as the wind industry’s current cost difficulties are “neither unforeseen nor unpredicted but have been obvious to careful observers for over a decade”.

Read full story here…

About the Editor

Patrick Wood
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
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Goalive

Ist das in Wahrheit Regierung gegen Krone?

“Der Crown Estate spielt eine bedeutende Rolle bei der Entwicklung der Offshore-Windparks in Großbritannien. Weitere Zuständigkeitsbereiche sind Wellen- und Gezeitenenergie, Unterwasserkabel und Pipelines sowie der Abbau von Kalisalz. Die Krone erteilt Lizenzen für rund 850 Aquakulturen und 17.000 Ankerplätze.[8]”

https://de.m.wikipedia.org/wiki/Crown_Estate

Charles verdient an den Windparks. Er ist es, der subventioniert wird.

Elle

Typical globalist playbook turned to energy production, a basic human need.

The commodity is usually fiat currency, loaned by the IMF to countries that do not have a GDP that can repay the load. When unpaid, the IMF takes over the country’s resources as was their plan from the onset of loaning the funds.

The globalists are intent on making slaves of the populace via the globalist banksters in such cases. Same here, different industry.

Last edited 2 months ago by Elle

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