Energy policy: use less, but pay more

The Covid lockdown has resulted in a big drop in energy consumption and because of the government’s strange system of contracts will result in a big increase in home energy bills. Covid has exposed the fundamental flaws in this whole system of funding new energy generation. The government intends to tie us into tens of billions of pounds of these contracts over the coming years, for everything from new nuclear power stations to solar and wind energy. Contained in these contracts is a guarantee that energy payers will pay high energy prices whether or not the wholesale price is much, much lower, and whether or not we use much less energy. Continue reading “Energy policy: use less, but pay more”