Wind power delivers £104 billion net benefit to UK consumers

“Unlike previous analyses, which have only considered short-term MOE, this approach considers the potential cost of constructing new gas capacity”

So its theoretical bollocks then? No-ones building new gas capacity… they have to charge up the arse just to keep the current ones viable because they’re not allowed to run unless renewables cant keep up.

Then there’s:

“When offset by the £43.2bn in green subsidies consumers paid through their bills, the net result was a reduction of £104.3bn in UK energy bills over the 13-year period.”

So they’re counting 43.2 billion quid the taxpayer had to cough up as “benefit”?? People had to pay that out of their pocket.

Someone’s stretching to push an agenda. All for wind but lets not make shit up.

>The study also calls into question the fairness of the current funding model. Currently, electricity users pay 100% of green subsidies used to aid the green transition but receive only 18% of the financial benefit. Meanwhile, natural gas users, who pay nothing toward wind investment, have enjoyed 82% of the benefit since 2010.

Quite an important point!

We have the worlds largest offshore windfarms, and are currently building even bigger ones.

It’s such a no brainer to do, anyone opposed either needs to give their head a shake or are taking money from the obvious sources.

So explain to me how my energy bills are basically the same?

Skimmed trough the paper for 10 minutes but couldn’t figure out in what terms they are framing these cost savings. From my empirical point of view the energy prices havent dropped at all, so if I have to guess those savings are not being seen by the end consumer. So whatever billions are being saved are probably on the generation side, or on the wholesale market for suppliers.

Actually never mind, this is buried underneath table 9
>While wind generation delivers huge savings to UK consumers , the benefits are not
uniformly distributed. As shown in Table 10, consumers of electricity pay 100% of
subsidies, but receive only 18% of the net financial benefit. Meanwhile, natural gas
users,
who
pay
nothing
toward
wind
investment,
have
enjoyed
82%
of
the
benefit
since
2010

And this under table 10
>The results are striking, wind investment delivers enormous positive externalities. The
biggest winners are not the investors, wind generation firms or even electricity
consumers
who
foot
the
bill
for
subsidies
–
it
is
natural
gas
consumers,
who
benefit
from
reduced household and industrial energy bills.

So in other words the system is corrupt and the end consumer doesnt see fuck all in terms of cost savings. And the article headline is complete pish, as per usual when it comes to this whole ‘renewables good’ articles. Womp womp.
Colour me surprised.

My energy bill is still astronomical who gives a fuck I want cheaper bills burn coal

Looks like the lobbyists have found their new “9 times cheaper than gas” bullshit line.

The author and co-author of this study:

1) Have little academic expertise on this subject

2) Run a multi-billion pound Hedge Fund called COMAC Capital – a “sustainable investment fund” heavily tied to renewables

The unthinking, slavish subservience this sub has to seriously monied interests is risible.

Benefit to the energy producers, not the consumers*

Don’t get me wrong, I am a big fan (not pun intended) of renewables and their potential. The issue is political not technological

A study that has not been peer reviewed and is co authored by a hedge fund manager. A study that includes the vital phrase “…does not include all system costs”. In other words, if you massage the figures enough, you get the result we want.

Imagine if a non-peer reviewed study, co-authored by a hedge fund manager concluded that the wealthy should pay less tax. Presumably it would be rejected here as obviously biased and untrustworthy.

Disengenous study and article that doesn’t explain why our bills are so expensive and why it is because of ‘Net-Zero’.

The grid needs massive alterations to move from a stable and reliable fossil-fuel system to an unstable and random green power-sources that rely on the wind to blow and sun to shine. They are also in places due to geography far away from where energy is needed.

All this work is unbelievably expensive and can be felt by everyone who pays an energy bill.

The second factor is how we come to pay per MW/h for our energy.

Gas –

* Gas recently cost about £60 per megawatt hour (MWh)
* Government adds a carbon emissions levy of £15/MWh

Wind –

* Wind automatically gets the £75/MWh
* plus another £83/MWh in subsidies to pay for the costs incurred to build wind farms
* plus another £32/MWh to pay for various technical matters related to the stability of the National Grid

That’s a grand total of £190/MWh for wind versus £75/MWh for gas.