Six ways in which the energy costs review could reduce consumer costs and deliver green energy. The Government’s review of energy costs is obviously a set-up designed to argue against a major emphasis on funding currently commercialised renewables and energy efficiency technologies, so here I critique this viewpoint and suggest some ideas for what a genuinely far-sighted clean energy effort to reduce costs might involve. Ideas which, I suspect, will be comprehensively ignored by the review. The Government has given its review of energy costs to Dieter Helm whose opinions are hostile to promoting ‘current’ generation renewables and who is anyway excluded from considering the Hinkley C contract or other issues such as the smart meter roll-out which are pushing up electricity prices. Six ways that the Government could reduce costs to the consumer, none of which are likely to be recommended by the Helm review. 1. Encourage the French Government to reconsider the Hinkley C project; 2. Instead issue power purchase agreements to onshore wind, offshore wind and solar pv for projects in the £60-£80 range, using 15-20 year contracts by the end of which costs of renewables will have fallen further; 3. Abolish stamp duty for houses which incorporate energy efficiency, solar power and storage technologies which involve buildings which can generate more energy than they consume; 4. Take the disastrously implemented ‘smart energy meter’ rollout out of the hands of the electricity suppliers and put it into the hands of the Distribution Network Operators who are now becoming Distribution System Operators. 5. Abolish price competition in the domestic retail sector and replace it with competition between suppliers to supply energy efficiency; 6. Identify new sites for offshore wind deployment as well as quickly bringing forward the issue of power purchase agreements to existing projects with planning consent.
Dave Toke’s Blog 14th Aug 2017 read more »