UK
AR7: Miliband secures 8.4GW of new offshore wind
Hundreds of new wind turbines are to be built around Britain’s coastline after Ed Miliband awarded yearly subsidies of up to £1.8bn to green energy developers. The Energy Secretary has approved plans for six new offshore wind farms following an auction of renewables contracts known as Allocation Round 7 (AR7). He secured a strike price of £95/MWh (2026 prices). As one of the UK’s largest-ever subsidy rounds, the costs will be borne by billpayers over a period of 20 years under Labour’s plans to hit net zero.
Following the announcement of the AR7 results, Reform’s Richard Tice confirmed his party will “rip-up” the contracts, saying they are a “con” and “outrageous”.
Nigel Farage told a press conference in Scotland that Britain’s renewable energy policy was an act of self-harm.
In a message that has received over 1 million views, the Conservatives’ Claire Coutinho told her followers on X: “He [Miliband] is cementing our uncompetitive electricity prices for even longer at a time when the world is becoming more unstable and we need cheap, reliable energy to compete.”
NESO: Net Zero to cost £4.5 trillion
Net Zero could cost Britons a staggering £4.5 trillion over the next 25 years, official estimates suggest. Britain will need to spend £182 billion a year to reach its targets by 2050, NESO now says.
BoE: Net Zero is slowing down growth
Net Zero policies are slowing the global economy, Andrew Bailey, the Governor of the Bank of England has warned. In a speech, he said that initiatives to tackle climate change are among the main factors dragging down growth.
International
Merz says EU has signed off on German plan for new gas plants
The EU has signed off on Germany’s plan for a new fleet of gas-fired power plants as they look to reduce power prices for their struggling industry.
Mercedes relocates production to Hungary
In yet another major blow to the German automobile labour market, Mercedes has announced it will be relocating production of its A-Class from Germany to Hungary. 20,000 German employees are expected to lose their jobs as a result.
Etcetera…
Maurice was on Talk TV to discuss NESO’s updated anlaysis on the cost of Net Zero.
Andrew also appeared on GB News to discuss the rising cost of Net Zero.
WATCH: Sky News’ Ed Conway investigate the decline of the Brisith chemical industry.
From the blog
FRI, JAN 9
The antics of the climate clique
The Energy Security and Net Zero select committee is currently holding an inquiry entitled “Supporting the energy transition”. It’s very much what you might expect – panel after panel of prominent Read More
The London-based Net Zero Watch is a campaign group set up to highlight and discuss the serious implications of expensive and poorly considered climate change policies. The Net Zero Samizdat is a newsletter summarising the latest issues - for more information, please visit the website at www.netzerowatch.com.
AR7: Miliband secures 8.4GW of new offshore wind
Hundreds of new wind turbines are to be built around Britain’s coastline after Ed Miliband awarded yearly subsidies of up to £1.8bn to green energy developers. The Energy Secretary has approved plans for six new offshore wind farms following an auction of renewables contracts known as Allocation Round 7 (AR7). He secured a strike price of £95/MWh (2026 prices). As one of the UK’s largest-ever subsidy rounds, the costs will be borne by billpayers over a period of 20 years under Labour’s plans to hit net zero.
Following the announcement of the AR7 results, Reform’s Richard Tice confirmed his party will “rip-up” the contracts, saying they are a “con” and “outrageous”.
Nigel Farage told a press conference in Scotland that Britain’s renewable energy policy was an act of self-harm.
In a message that has received over 1 million views, the Conservatives’ Claire Coutinho told her followers on X: “He [Miliband] is cementing our uncompetitive electricity prices for even longer at a time when the world is becoming more unstable and we need cheap, reliable energy to compete.”
NESO: Net Zero to cost £4.5 trillion
Net Zero could cost Britons a staggering £4.5 trillion over the next 25 years, official estimates suggest. Britain will need to spend £182 billion a year to reach its targets by 2050, NESO now says.
BoE: Net Zero is slowing down growth
Net Zero policies are slowing the global economy, Andrew Bailey, the Governor of the Bank of England has warned. In a speech, he said that initiatives to tackle climate change are among the main factors dragging down growth.
International
Merz says EU has signed off on German plan for new gas plants
The EU has signed off on Germany’s plan for a new fleet of gas-fired power plants as they look to reduce power prices for their struggling industry.
Mercedes relocates production to Hungary
In yet another major blow to the German automobile labour market, Mercedes has announced it will be relocating production of its A-Class from Germany to Hungary. 20,000 German employees are expected to lose their jobs as a result.
Etcetera…
Maurice was on Talk TV to discuss NESO’s updated anlaysis on the cost of Net Zero.
Andrew also appeared on GB News to discuss the rising cost of Net Zero.
WATCH: Sky News’ Ed Conway investigate the decline of the Brisith chemical industry.
From the blog
FRI, JAN 9
The antics of the climate clique
The Energy Security and Net Zero select committee is currently holding an inquiry entitled “Supporting the energy transition”. It’s very much what you might expect – panel after panel of prominent Read More
The London-based Net Zero Watch is a campaign group set up to highlight and discuss the serious implications of expensive and poorly considered climate change policies. The Net Zero Samizdat is a newsletter summarising the latest issues - for more information, please visit the website at www.netzerowatch.com.
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