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Cost Of Green Subsidies Rises To £66bn In Next 5 Years

November 1, 2018

By Paul Homewood

 

 

 

2.7 Environmental levies

£ billion

Outturn Forecast

2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
CRC Energy Efficiency scheme 0.5 0.5 0.5 0.0 0.0 0.0 0.0
Warm home discount1 0.0 0.3 0.3 0.4 0.4 0.4 0.4
Feed-in tariffs1 0.0 1.5 1.5 1.6 1.6 1.6 1.7
Renewables obligation 5.4 6.1 6.1 6.4 6.5 6.7 6.9
Contracts for difference 0.6 1.0 1.7 2.3 2.7 2.9 3.0
Capacity market1 0.0 0.7 1.0 1.3 1.0 0.9 1.2
Environmental levies 6.5 10.2 11.2 11.8 12.2 12.4 13.1
Memo: Expenditure on renewable heat incentive (RHI) 0.7 0.9 1.0 1.1 1.1 1.1 1.1
Note: The ‘Environmental levies’ line above is consistent with the ‘Environmental levies’ line in Table 4.6 of the October 2018 Economic and fiscal outlook.
1 The ONS have yet to include Warm Home Discount, Feed-in Tariffs and Capacity market auctions in their outturn numbers. If they were included, they would have been £0.3bn, £1.4bn and £0.2bn respectively.

https://obr.uk/efo/economic-fiscal-outlook-october-2018/

 

 

The cost of green subsidies continues to rise, and will cost £66.1bn in the next five years, approximately £2500 for every household in the country, according to the latest figures from the OBR.

I can safely guarantee that you will not see this news on the BBC.

19 Comments
  1. November 1, 2018 12:47 pm

    These figures are unbelievable and the general public has absolutely no idea that they are being fleeced to such a massive extent. And the outcome is a much more unreliable energy supply and zero impact on the climate. In other words, it is money down the drain where all the scammers live.

    • Ian permalink
      November 2, 2018 12:07 pm

      Joe Public neither knows nor cares. An article in the Telegraph bemoaned the lack of voters’ interest in the economy, suggesting that they don’t see a problem in their own lives, despite the Cost Of Living Crisis and Austerity. £690million on Hallowe’en supports that suggestion. To this you can add the news that insurance companies and others are “fleecing” customers who can’t be bothered switching. As for the reliability of the power supply, it’ll only matter when JP can’t recharge his/her tablet/smart phone.

  2. saighdear permalink
    November 1, 2018 1:12 pm

    Unbelievable figures or not,…. I have to pay my share – WHY?
    I cannot get a subsidy – my old 19th Century house does not qualify, I have to pay the increased prices and taxes on fuels, AND if there is supposed to be global WARMING, why should I , NAY, WE have to INSULATE our homes? – to keep them cooler ?

  3. Ian Miller permalink
    November 1, 2018 1:23 pm

    So the revulsion against these things, and their Green Energy activists continue to grow !

  4. frederik wisse permalink
    November 1, 2018 1:25 pm

    There will be blood ………

    • saighdear permalink
      November 1, 2018 1:42 pm

      Would that be Avian blood, perchance? ( ref BBC Scotland news – ref a survey to be carried out about the Off-shore killing fields……

  5. saighdear permalink
    November 1, 2018 1:46 pm

    BBC says it’s a wonderful day today….. what exactly does that mean? Refer to Gridwatch – COAL 7%, Wind 5%, Solar ,,, eh? Oh it is shining somewhere – 6% for a wee whiley. Have to get the frozen hose-pipes thawed out to wash the Summers dust n B’shyte of thae glass panels. Hasn’t been THAT cold – but surprised to find the hoses are filled with ice ALREADY

  6. November 1, 2018 2:05 pm

    If you’d told me 20 years ago that the public would pay anything near this for a total scam like we’ve seen, I would have said you were stark raving bonkers.

    It was very much the same with the banking bubble. For years I watched the bank debt growing thinking that the government would do something about it. Eventually I just bothering to think about it as there was nothing I could do about it. That is when the bubble burst.

    Likewise, I’m past the point of caring about the global warming scam. We proved long ago it was a scam and if the public couldn’t care less that they are paying so much toward this scam – then why should I waste my time on it?

  7. Ajax ornis permalink
    November 1, 2018 3:19 pm

    Sure thing. If all these global warning freaks want a safe prediction, they can do no better than to have a look at Our Leader’s figures here. Obvi the hopeless BBC will not mention them, but let’s hope that enough others will read them and, maybe, just maybe, they will start to think.

  8. November 1, 2018 4:58 pm

    Gross austerity creation at its worst.

  9. CheshireRed permalink
    November 1, 2018 5:12 pm

    £13 billion a year of publicly funded subsidies, of which about £13 billion is unnecessary.
    Shale gas could’ve delivered clean reliable energy & electricity at a publicly subsidised rate of £0.00 per household, with coal (if it’s OK for Germany…) also providing electricity at a subsidy rate of £0.00 per household.
    That would release £13 billion every year into the economy or in taxes, take your pick.
    Instead, we have lunacy unimagined.

  10. CheshireRed permalink
    November 1, 2018 5:19 pm

    5 year budget

    Big Green..….£66 billion / £13.2 b pa
    Overseas aid..£70 billion / £14 b pa
    EU budget.…..£40 billion / £8 b pa

    Total………….£176 billion / £35 billion per year.

    Try reading those figures without crying with frustration.

  11. Bitter@twisted permalink
    November 1, 2018 5:59 pm

    £13 billion/year wasted.
    Siphoned off to renewables scammers and their political patrons.
    Each and every idiot and/or corrupt MP who voted for the monstrous Climate Change Act needs to be in prison.
    That covers al but 3 MPs.

  12. November 1, 2018 8:09 pm

    Billions here, billions there, and pretty soon you’re talking real money 😐

  13. Jon Scott permalink
    November 1, 2018 10:09 pm

    And there are vulnerable people on the streets and pensioners living in abject poverty after paying taxes all their lives and children being denied the possibility of love and care and an open horizon for development in what claims to be a budget constrained compassionate society…. YET there is money a plenty to pay worthless people to puff themselves up and be concerned about the climate regardless if how little they know and also to invest millions in worthless projects which only get money because they have the word Gweeen somewhere in the title. I have to claim for once I am able to be on a level with Einstein and mirror his famous quote

  14. It doesn't add up... permalink
    November 2, 2018 9:44 am

    I think the budget Red Book ought to show estimates for the effects of taxes and spending on major economic indicators, as well as the taxes and spending themselves. The economic damage done by green energy and its high prices is considerable: it sends manufacturing abroad, worsening our GDP and balance of payments and it results in increased welfare payments for those not able to afford the bills.

  15. John Kerr permalink
    November 2, 2018 9:45 am

    Sorry to appear thick, but how do you arrive at £66.1 billion? Adding the totals for the next five years together comes to £70.9 billion. What am I missing?

    • November 2, 2018 12:00 pm

      I think you’ve got six years, incl 2018/19.

      However that does not include the RHI, which is below the line

      • John Kerr permalink
        November 2, 2018 6:55 pm

        Got it, thanks.

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