Net Zero: Cost-Benefit Analysis

Part of Energy Security and Net Zero – in the House of Commons at on 21 May 2024.

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Photo of Andrew Bridgen Andrew Bridgen Reclaim, North West Leicestershire

The cost of net zero is being borne by our hard-pressed constituents, at the same time as China increases its carbon dioxide emissions by more than the UK’s total emissions every year. Wholesale electricity prices are currently £65 per megawatt, but we are paying £102 per megawatt for fixed offshore wind, offering £246 for floating offshore wind, £89 for onshore wind, and £85 for solar. Can the Minister explain whatever happened to plentiful, cheap renewable energy?