Babelfish - Newspaper - Page 3
Babelfish BREAKING THE LINK
ENERGY RIP-OFF
we waiting for...
link now!
£50bn
the spin. We’re a pop up. New media, here to intervene
- bearing facts, tongue in cheek, for fun, with purpose.
In this our first edition, we talk “truth about power.”
Keep an ear out for us.
GAIN IN SPAIN HAS FALLEN MAINLY ON THE PLAIN
HAS it been done before?
It’s a refrain I’m used to hearing,
whenever proposing something new – like
green energy, electric cars, diamonds from
the sky – I have quite a list. People tend to
think like this, if it was easy someone
would already have done it – that’s
illogical.
By de昀椀nition someone, somewhere
always does something for the 昀椀rst time,
before others see it and like the idea – and
do the same. And then it’s a thing. Europe
BY DALE VINCE OBE
GREEN INDUSTRIALIST
has the same problem we do, this absurd
link is in their markets too – have one of
those countries broken the link? No, not yet.
At least not ‘properly’. Spain however has
shown the bene昀椀ts of leaving the link behind
– by diluting its impact, reducing the number
of times that gas sets the energy system
price for the wind and sun. The bene昀椀ts have
been considerable and like the rain have
fallen mainly on the plain.
Energy prices in Spain over the last few
years have gone from being amongst the
highest in Europe to amongst the lowest.
They achieved this with an explosion of
green energy deployment over the last few
years - far more than in any other European
country - twice that of Germany.
This is Labour’s current plan - wait until
green energy squeezes gas off the grid. And
while it might work – it more likely won’t.
Because the forecasts of DESNZ themselves
show gas still setting the price 30% of the
time in 2030 – that’s more than it sets the
price right now in Spain.
The worst aspect of this approach though
is not that it won’t completely work - it’s
the delay. Five years will cost hard pressed
Britons and the whole nation simply a shed
load of money – higher bills, higher
in昀氀ation, higher borrowing costs, higher
cost of living – for no good reason.
