T: 01242 620894 E: info@mypoweruk.com

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

We’re always sceptical when government ministers try to convince us that paying over the odds for their pet project is in our best interests. The FT reports on former Energy Minister Charles Hendry’s plea that the government should bankroll the hugely expensive Swansea tidal lagoon.

With the taxpayer (and electricity consumer) already on the hook for the increasingly expensive and irrelevant Hinkley C, and with the cost of off-shore wind and solar continuing to fall, we’re hardly in need of increased capacity to generate very expensive electricity.  

It’s a great idea and, with the UK’s long shoreline and high tidal reach, not to mention the reliability of the tide,  this technology may one day have its place in the energy mix. But not if it requires future generations of electricity consumers to subsidise it.

You can read the FT report here.

If your business would prefer to read about how you can generate very cheap electricity at your premises instead, contact us here

swansea-bay

 

News Headlines

EU judges uphold decision for UK to subsidise Hinkley Point

Germany in the pocket of the Russians due to imported gas dependency

There is no doubt about the direction of electricity prices

Electrifying the expanding number of delivery vans makes perfect sense

Fuel and alcohol duty freeze to be lifted to help fund NHS boost

The potential power of the Greek sun

BP buys UK’s largest electric vehicle charging network

Potentially ground-breaking project proves value of Agrophotovoltaic Farming

The power in the electricity market is shifting to the consumer

Legal & General dump firms who aren't doing enough for climate change

China aiming to remove subsidies from its booming solar market

Academics at Cambridge University are predicting another economic crisis

The oil majors are muscling in on the EV charging market

Pop-up EV chargers are hitting UK streets

Power shortages in Lebanon highlights the potential for renewables

Our sixth year at Moreton show

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US