ED Miliband’s Net Zero policies will cost every household £389 a year by 2030, Tory analysis today reveals.
The Labour government has pledged to totally decarbonise Britain’s energy grid within the next five years.
AlamyEd Miliband has been accused of sending bills soaring with his eco drive[/caption]
They plan to do this by splurging vast amounts on new wind and solar farms as well as banning new oil and gas drilling in the North Sea.
Brits have already spent £700 million this year to pay wind farms to STOP producing energy because the National Grid cannot cope with energy surges.
The government’s dash to go green will send the cost of bills rocketing to a whopping £22.8 billion by 2030, Tory number crunchers say.
This will leave the government’s pledge to cut £300 from energy bills in tatters, according to the research.
Instead it will end up adding another £389 to the cost of household bills for 27 million UK Brits.
Tory MP Nick Timothy – who carried out the research – said: “Energy becomes more expensive with each day Ed Miliband remains in office.
GettyBritain has to pay wind farms not to produce power and when it is very windy because the grid cannot cope with the surge in power[/caption]
“While Miliband blames fossil fuels for higher bills, he is pumping up prices by throwing more government-imposed costs onto energy bills.
“Wind and solar are being propped up by a complicated web of hidden cash to hoodwink you into thinking they are cheap. But they are not.
“Renewables will cost billions more. This is Ed Miliband’s world – and you’re paying for it.”
Sir Keir Starmer is under massive pressure to act on UK energy costs – which are some of the highest in the world.
In stark contrast the US – which uses more fossil fuels – has far lower prices.
Donald Trump used a meeting with the PM in Scotland earlier this week to launch a blistering attack on wind farms for pushing up prices and scarring the countryside.
In toe-curling scenes, the PM sat ashen-faced as the US President unleashed both barrels on his wind farm push – branding them a “con job”.
Speaking at his Turnberry golf course, Mr Trump fumed: “Wind is the most expensive form of energy, and it destroys the beauty of your fields and your plains and your waterways.”
Urging the PM to lift the ban on new oil and gas drilling, he added: “You can take a thousand times more energy out of a hole in the ground this big – it’s called oil and gas.”
The analysis carried out by Mr Timothy’s office looked at the hidden cost of renewable energy by trawling through official figures and research papers.
ReutersU.S. President Donald Trump tore into wind farms when he met Keir Stramer in Scotland earlier this week[/caption]
It found that Brits pay billions of pounds to subsidise the building of renewable energy plants, like wind and solar.
But the National Grid – which carries electricity from power plants to peoples homes – is very old and cannot cope with large surges of energy.
This results in a barmy situation which means the government actually PAYS wind farms to stop turning when it is too windy.
Some £700m has already been paid this year to turn wind farms off.
Wind farms are also paid more for their energy than fossil fuel providers, the analysis found.
Offshore wind will cost £113 per MWh under the latest contracts. The average cost of electricity last year was £72 per MWh.
These direct subsidies for renewables inflate the cost of energy bills.
There are also extra costs known as ‘Balancing Costs’ – the name given to the process the National Grid has to pay to ensure balance and supply of power is maintained daily.
These charges end up being passed onto consumers in higher bills, researchers said.
The study found the hidden cost of renewables on our bills was £12.3BN in 2023/24.
This is predicted to hit £22.8BN by 2030.
This is just the estimated cost to Brits’s bills over the next few years – and the overall cost of going green by 2050 is far higher.
The Office for Budget Responsibility estimated it will cost a massive £803 billion to hit Net Zero by 2050.
HandoutTory MP Nick Timothy tore into the government’s Net Zero policies[/caption]
A spokesman for the department for Net Zero said: “These claims are fundamentally misleading.
“They wilfully ignore the benefits of clean power and wrongly assume the required network infrastructure will not be built over the next five years.
“Only by sprinting to clean power by 2030 can the UK take back control of its energy and protect both family and national finances from fossil fuel price spikes.”
NICK TIMOTHY: Ed Miliband’s dash for Net Zero is sending energy costs soaring and we are all paying the price
IT was the most excruciating television I have seen in years.
Sitting next to the Prime Minister, Donald Trump said Labour’s taxes on North Sea oil and gas “make no sense” and he called Ed Miliband’s wind farms a “con job”.
Keir Starmer looked like a rabbit in the headlights, because he knew what Trump said was true.
The eco policies this Labour government is pursuing simply make no sense.
They are spinning us a lie.
The government tells us we must urgently hit Net Zero targets because the cost of fossil fuels are unaffordably high.
But renewables cost more money and push up bills.
They say Britain must build more wind and solar farms so we can wean ourselves of foreign gas and become energy sufficient.
But at the same time No10 bans new oil and gas drilling in the North Sea – leaving us more dependent on imports.
And the government tells us this dash to go green will create thousands and thousands of new jobs.
Yet the trade unions who actually represent energy workers say Labour’s zealous eco policies could cause tens of thousands of well-paid British workers to be laid off.
It is a mad Alice in Wonderland world where down is up and up is down.
Ed Miliband has gone through the Looking Glass. His policies are the stuff of the Mad Hatter.
And today I can reveal that Labour’s Net Zero drive will cost an estimated £23 billion a year by 2030.
That is the equivalent of slapping another £389 a year onto the cost of living for households.
It is a cost this country cannot afford.
Let me give you a few examples to show you just how barmy our energy policy has become under ‘Red Ed’.
First- the oil and gas industry.
Just weeks after winning the election, Labour banned new licences to drill for oil and gas in the North Sea.
Furious trade unions said that up to 30,000 UK jobs could be lost, but their dire warnings fell on deaf ears.
But the most ridiculous thing is that Britain still imports oil and gas taken from the very same seabed from Norway.
So, Norway gets to keep the taxes, profits and jobs, while the UK goes without.
It is a grotesque example of self-harm.
Second – the bizarre case of the Drax power station in North Yorkshire.
It imports wood from halfway around the world to burn, yet the UK taxpayer has spent billions of pounds in green subsidies on the power station.
This simply makes no sense.
Third – the sky high cost of wind and solar energy.
Labour has set the UK insane targets to quadruple offshore wind and double onshore wind in just five years.
But energy produced by these wind farms is actually MORE expensive.
Ed Miliband has promised wind farms a fixed price of £113 per MWh for the next 20 years.
That is 50 per cent HIGHER than the average cost of electricity.
The cost of building new wind and solar farms is also enormous.
An estimated £40 billion a year will be spent upgrading the National Grid, and rolling out new pylons and battery storage sites.
Worst of all, wind and solar are even paid NOT to produce energy.
This is because our creaking National Grid cannot handle big surges of energy.
So when it is particularly windy they have to pay wind farms to switch off.
This year alone we have paid £700 million to wind farms to STOP generating power.
It is bananas.
Brits also have to pay for environmental levies. These are extra charges baked into energy bills to pay for the development of new greener energy supplies.
Labour are sending environmental levies hurtling towards £14.8 billion in 2030.
The PM promised he would cut energy bills by £300 by the next election.
But the opposite is true. They are getting bigger and bigger.
No wonder President Trump thinks we are mad.
Our energy costs are twice those in America. As a result their economy is booming while ours is stagnating.
The US President could see the truth and was unafraid to say it.
Britain needs to completely change course.
It’s time to junk the clean power target and support energy policies that actually work.
We should take the US President’s advice and “drill baby drill” in the North Sea.
We should expand nuclear energy.
And we should ditch our expensive green energy levies and subsidies.
Otherwise we remain Ed Miliband’s mad world – and we will all pay the price.
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