Articles filed under Impact on Economy from Europe

Judge orders quango to back up claim of 'only' 1% of GDP to hit net zero

Judge Sophie Buckley said: ‘There is an extremely strong public interest in enabling scrutiny of the data, models and calculations which underpin the CCC’s conclusion that the net zero target could be met at an annual resource cost of up to 1-2 per cent of GDP. ‘Any errors in the calculations that led to the CCC’s conclusions, which, in turn, led to the legislative change, have the potential to have a very significant impact on the lives and finances of large numbers of people, on the spending of large sums of public money, and on the policies of the UK Government over the next 30 years.’
7 Aug 2021

What German households pay for power

Durchschnittlicher-strompreis-haushalt_average_power_prices_thumb Power prices in Germany are among the highest in Europe, not least due to the costs arising from the launch of renewable energy sources – but many customers continue to support the country's energy transition regardless. While wholesale electricity prices on average have been in decline in recent years, surcharges, taxes, and grid fees raise the bill for Germany's private households and small businesses. However, market observers say that power costs are often not even high enough for customers to look for cheaper alternatives. 
24 Jan 2020

Why do we get wind power we don't need?

We do not need wind power in this country. We have a surplus of hydropower, and for the past ten years have exported an average of about 10 Twh per year. Because of the enormous damage in the nature of the encroachment, the wind power industry is therefore trying to give wind power on land in Norway a positive "climate stamp". Because we already have power surpluses, all new wind power leads to increased power exports. 
11 Aug 2019

Electricity bills could double to bail out new wind farms, report claims

Electricity bills could double to bail out new wind farms that have massively underestimated their operating costs, a former adviser to the World Bank has claimed. Two offshore wind projects secured contracts to supply renewable energy at reduced costs in 2017 and it was hailed the result of huge strides made in technology and engineering, sparking hopes of a green jobs boom.
28 Jul 2019

Renewable energy jobs in UK plunge by a third

Prospect, the union which covers much of the sector, has found a 30% drop in renewable energy jobs between 2014 and 2017, as government cuts to incentives and support schemes started to bite. It also found investment in renewables in the UK more than halved between 2015 and 2017.
30 May 2019

Power prices go negative in Germany, a positive for energy users

The wholesale costs of power make up only about a fifth of the average household electricity bill in Germany. The rest is a stew of taxes, fees to finance renewable-energy investments and charges for use of the grid. That means their bills are lower than they otherwise would be, because power prices are sometimes negative, but utilities are not depositing money in customers’ bank accounts.
26 Dec 2017

Is the reputation of Scottish offshore wind on the line?

The document claims that ‘it has been widely assumed that the underlying costs of offshore wind are falling and that the CfD prices indicate a sudden paradigm for the technology’. Yet, the report points to statistical analysis of the data, covering 86 wind farms, which suggests that the capital cost of offshore wind (£/MWh installed) is not in actual fact falling, but actually rising as a consequence of companies moving into deeper and deeper waters.
10 Nov 2017

Denmark, a green energy leader, slows pace of its spending

“I think the criticism is over the top,” Lars Christian Lilleholt, Denmark’s energy minister, told the Politiken newspaper last month. He said the country still planned to invest 800 million krone, or $114 million, in green energy research in the coming year. “There is less money, but it is still a lot. And I sit in a government that must find a way for the Danish economy to make ends meet.”
6 Dec 2015

https://www.windaction.org/posts?location=Europe&topic=Impact+on+Economy&type=Article
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