Implementing the Helm Review on the Cost of UK Energy
The UK Government has made a call for evidence on the Helm Review published on 25th October 2017. At the time the review was published I chose not to share my opinions on the consequences of implementing Helm’s proposals since I believe these may be far reaching and have a large negative impact on UK citizens, businesses and the economy. At the time I did not want to upset the apple cart since I also believe Helm offers the best path forward for so long as the UK Government remains committed to its 2008 Climate Change Act (CCA). Helm’s proposals will deliver sharply higher energy and electricity prices, carbon reduction and hopefully a functioning energy and electricity system and market. Muddling along as now will also deliver sharply higher prices with no guarantee of carbon reduction and the near certainty of a broken and dysfunctional energy system.
[Inset image is the Coire Glas pumped storage hydro scheme in Scotland, designed to store surplus wind power and provide 30GWh of storage. Still empty after all those years, Coire Glas stands as testimony to renewable fantasy colliding with thermodynamic and economic reality.]
Energy is More than Electricity
Helm’s review was on the cost of UK energy, which encompasses oil, gas, coal, nuclear and renewables. While his review is focussed on electricity he does make sufficient reference to these other energy sources to make clear that his recommendations apply to the whole energy system.
[Inset image is the Coire Glas pumped storage hydro scheme in Scotland, designed to store surplus wind power and provide 30GWh of storage. Still empty after all those years, Coire Glas stands as testimony to renewable fantasy colliding with thermodynamic and economic reality.]
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