Not a lot apparently. We have two bits of information to share but first we must consider Ed Davey triumphant announcement about Carbon Capture at Peterhead. First Peterhead is a gas powered generating station so CO² is not at the top of priorities. To plagiarise a very wise man: Peterhead is a GAS fired power station and we have little if any indigenous gas but loads of coal. So even if CCS was viable (which it isn’t) then it should be applied to a coal fired generator (or even a wood burner since wood burning emits 25% more CO2 per kWh than coal!). No, we have Ed Davey handing out £100 million of our pounds to SSE. Now you know I don’t have an awful lot of respect for SSE after the Wester Balblair noise fiasco but they must be laughing all the way to the bank. Just as the Climate Scam is being exposed in nearly every country in the world and several countries have junked Carbon Capture as in impractical and unnecessary dream, just as countries pull the subsidies on wind and true science point to the requirement for more CO², Davey and his beloved DECC, with not a word of censure from Cameron, hands SSE a get out of jail card.
Now we move to practical and common sense comments. Sir Donald Miller, formerly the boss of Scottish Power before it became a Spanish Company, has penned an excellent article which rather exposes that politicians north and south of the border are mostly ‘numpties’. I commend you to read it as it makes disturbing reading. Not least as it re-iterates almost everything we have previously said.
Finally we would like to present an interesting graphic. What this exposes is the raw energy costs, partly fuelled by dropping coal prices, have actually fallen. Quite surprising when one considers the higher costs of wind. The added costs by government, including transport (the upgrades of the overhead lines including the £700 million on Beauly-Denny) and all the green costs are really where our costs are rising. Supplier profits have been hiked but that is as a percentage of retail cost. In many ways as they are now HMG’s tax collector, the DECC has turned a blind eye to increasing margins which are equally difficult to correctly identify as the companies have hived off elements of the renewables and those can be hidden in offshore balance sheets. What this proves is that we don’t have an ENERGY PROBLEM, we have a POLITICAL problem!