Great British Energy- a disastrous idea or a con?
Labour is declining to promise much for fear of letting people down if it wins. Its biggest of just six first steps or pledges is to set up Great British Energy, bringing bills down by £300. There is no way such a body could cut bills.
The lengthy paper that purports to explain the soundbite proposal is long on words but short on detail. Great British Energy would have wide ranging powers and duties. It would directly invest in nuclear, solar and wind, as well as in experimental new technologies for hydrogen and storage.
How would it taking on responsibilities for the build out of Hinkley and Sizewell make any difference to the long time they are taking to complete? How would it accelerate the work already underway to support and then commission a fleet of smaller nuclear reactors? What does Labour and GB Energy know that would enable them to extend the lives of existing nuclear stations due to close. If there is a safe way to do this it should be done by the current managers and safety inspectors.
The only cost/spend number in the paper is a budget of £1 bn a year for local energy projects and Council owned companies. I highlighted yesterday how several of these lost us millions and some went bust. This could be more good money after bad.
The idea Labour could get to all no carbon UK generated power by 2030 is absurd. They admit they need to quadruple the size of the grid, criss crossing our countryside with avenues of pylons. They have hugely ambitious targets for onshore and offshore wind and solar. They say they can add almost 100GW by 2030. There is no way enough projects can be designed and financed by then for such a huge increase. Most current nuclear stations will close by 2030 .
To help force the pace of these investments the state would need to borrow tens of billions of pounds. They may want it to be off balance sheet, but however they do it it will be taxpayers and energy buyers who will pick up the bill. This is all unaffordable, will not happen and will not lower bills.
Source: http://johnredwoodsdiary.com/2024/05/28/great-british-energy-a-disastrous-idea-or-a-con/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,706,517,730 |
| Stories: | 8,445,879 |
Whistler Blowers, Insiders
