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Taxpayers Paying 2.5 Billion A Year To Subsidise Fossil Fuels And Nuclear

Tue, 8 Nov 2011 21:06:00 GMT

You may have watched Panorama the other day where they were basically saying fossil fuels such as coal and gas were good because they were cheap. They compared this to offshore wind which was more expensive, almost 2.5 times more expensive to generate the same amount of power. The programme was all very factual except they missed out a few facts.


It may surprise you that the fossil and nuclear industry in the UK is subsidised to the tune of 2.5 billion pounds every year and guess whose paying, that's right you. This is the reason coal and gas power stations can produce electricity more cheaply compared to renewable energy. Compare this to the total subsidy that the government has set aside for solar in the UK which is a total pot of a paltry 860 million pounds.

The government has provided almost three-quarters of a billion pounds in subsidies to fossil-fuel burning power stations over the past 13 years, according to figures highlighted today by the Conservatives.

http://www.businessgreen.com/bg/news/1803148/conservatives-pledge-stop-uk-fossil-fuel-subsidies

The World Energy Council stated that by diverting just one years worth of Europe's nuclear and fossil fuel subsidy could revolutionise the worlds renewable energy industry making it cost-competitive with fossil and nuclear.

World Energy Council

It comes down to greed

Essentially greed is the reason that fuel bills have doubled over the last 10 years and are predicted to more than double again by 2020. It is the big energy companies who do not like the idea of householder being able to generate their own energy because it means they cannot charge you for it.

As successive governments have left it too late to invest in a more sustainable and cost effective power source for the UK, it means the taxpayer is yet again going to have to subsidise the cost and eventual decommission of many more nuclear power stations and possibly gas and coal fired power stations.

Fuel poverty

In the UK over 4 million people are now in fuel poverty, this coming winter is predicted to be at least as cold as last year. Some predictions are saying it is going to be the coldest winter in the UK for 45 years. This means that households are going to have to be faced with even higher energy bills for which many are not going to be able to afford.

There are measures people can take that will help to reduce their energy bills such as insulating their home, comparing energy prices and buying energy efficient products when your old appliances need replacing. Switching to energy efficient lighting is a cost effective way to reduce your lighting costs by 90 percent.


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