May 9, 2015
Britain’s political betters have set it up for one enormous gamble. Britain is wagering its entire economic future on its – out of control – wind power debacle.
Back in January last year, The Economist reported on the INSANE cost of delivering offshore wind power – where generators are guaranteed obscene returns – being able to charge “three times the current wholesale price of electricity and about 60% more than is promised to onshore turbines.”
The Economist reported that “offshore wind power is staggeringly expensive” and “among the most expensive ways of marginally reducing carbon emissions known to man”. But that is merely to compare the insane costs of onshore wind power with the completely insane costs of offshore wind power (see our post here).
Britain’s insane wind power policy has been accompanied with all the usual stuff: an unstable grid, with increased risk of widespread blackouts; subsidy-soaked, institutional corruption; spiralling power costs; splattered birds and bats; and divided and angry rural communities.