Friday, 19 August 2016

UK GOVERNMENT GROSSLY UNDERESTIMATES THE COST OF THE CLIMATE CHANGE ACT

This article lays bare the deceit perpetrated on the British people. By artificially inflating the wholesale price of electricity the cost of subsidising renewables in years to come is grossly understated.  By 2030, the annual cost will be £15.6 billion, instead of the £8.0 billion claimed. Over the next fifteen years, the total cost will be £157 billion. Again, remember that this does not include the cost of providing standby capacity.

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