tell us the full cost.
In the Budget, the Chancellor promised to only buy and build new clean energy when it lowers bills.
On Thursday 19th November, John Healey has the chance to prove it. That’s when we’re set to decide new Contracts for Difference.
These are the contracts where the British billpayer ends up paying giant companies to stop producing energy by turning their turbines off. Last year, this cost us £1.5 billion and, this year, it will cost us over £2 billion. In 2030, we will be paying around £10 billion.
Right now, the Government is refusing to include these costs in the price of renewable energy.
This must end. If the Government calculates and publishes the full cost of constrained energy, our politicians can make clear decisions to get Britain’s bills down.
They can directly compare their prices to alternative energy sources, and prioritise those that get the best value for the British billpayer.
Britain is in an Energy Emergency. Prices are sky-high and our system remains vulnerable and unreliable. We cannot afford to buy energy that we can’t use.
Tell your MP to demand the full cost of constrained energy from the Government and hold the Chancellor to account by sending them our ready-made email.