By Paul Homewood
John Constable has a detailed post at GWPF on the latest analysis EU analysis of energy prices. It makes grim reading for bill payers and industrial users.
This is all you really need to know:
The third release of the EU Commission's periodic study of global electricity and gas prices for the first time compares the EU 28 with the whole of the G20 for the period 2008 to 2016. EU 28 household electricity prices are now more than double those in the G20, while industrial electricity prices are now nearly 50% higher. The only G20 states with higher industrial electricity prices are those with heavy commitments to renewables.
We have already seen today Honda pulling production out of Europe and back to Asia. Exorbitant energy prices can have hardly helped.
Meanwhile, Australians are also paying for their government's obsession with solar power:
The cost of the federal Small-scale Renewable Energy Scheme (SRES) and state-based rebates combined is forecast to rise by 45 per cent from $1.2bn last year to $1.74bn this year.
Consumers are flocking to solar power, enticed by cheaper costs and rebates either under way or pledged in Victoria, South Australia and NSW.
Analysis by renewables trader Demand Manager reveals the annual impost for every household for the subsidy is forecast to soar from $134 last year to $195 this year. The cost of the subsidy is added to all electricity bills.
The subsidy hike — on top of already high electricity prices — will intensify pressure on the government to scrap the scheme as it battles to deliver on tariff cuts for consumers ahead of a federal election due in May. The subsidy program is currently scheduled to be phased out by 2030.
Demand Manager owner Jeffery Bye said: "If left unchecked, electricity consumers will be hit with an increase of between $360 million and $540m in the cost of the SRES starting January 1, 2019. Far from subsidies for renewable energy decreasing and Mr (Angus) Taylor being the 'minister for getting electricity prices down', it would appear the solar subsidy cost item on electricity bills will be increasing markedly in 2019."
https://www.thegwpf.com/green-madness-australian-households-2bn-hit-for-solar-subsidies/
And Dutch households have discovered that energy tax hikes will cost them 334 Euro this year:
The cabinet has admitted it used old figures when calculating the impact of energy tax hikes and underestimated the impact on families. On Monday, the national statistics agency CBS said the average household energy bill would go up by some €334 this year, more than double the earlier government estimate of €150.
The price of gas and electricity has been pushed up by higher levies on CO2 emissions and the accelerated scaling back of gas extraction in Groningen, as well as a €50 rise in the amount households contribute towards sustainable energy subsidies (ODE).
from Climate Change Skeptic Blogs via hj on Inoreader http://bit.ly/2TWrPtP
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