The Telegraph reports that post-Brexit, Britain’s government intends to shelve renewable energy commitments that will dramatically increase energy costs to British consumers:
Britain is preparing to scrap EU green energy targets which will add more than £100 to the average energy bill as part of a bonfire of red tape after Brexit.
The UK is currently committed to getting 15 per cent of all energy from renewable sources such as wind and solar by 2020.
Ministers have long been critical of the targets because they exclude nuclear power, carbon capture or gains from energy efficiency.
The UK is currently on course to miss the target and incur millions of pounds in fines from the European Union.
Government sources told The Daily Telegraph that the target, under the EU Renewable Energy Directive, is likely to be scrapped after Brexit.
The “bonfire” is long overdue:
EU regulations are estimated to cost Britain a total of more than £120 billion per year. The Common Agricultural Policy alone reportedly costs £10 billion in direct costs and by inflating food prices.
Since 2009, the UK’s government has been working toward achieving a target of 15% of energy from renewable sources by 2020. It costs a fortune:
The target has led to billions of pounds Government subsidies for renewable power sources such as wind, solar and biomass power plants, which are ultimately paid for by customers through their energy bills.
A Conservative MP makes a great point about who is subsidizing whom:
Owen Paterson, a Conservative MP and former Environment Secretary, said: “It’s distorting the whole energy market. It’s like the Sherrif of Nottingham – it transfers money from my poorest constituents to my wealthiest constituents who are putting up pointless wind turbines heavily subsidised.
That is exactly right. The entire “green” edifice is crumbling. For Britain, getting out of the European Union will speed up the process and save citizens a great deal of money.