Miliband Takes Victory Lap on Ripping Off Energy Consumers By Billions
Energy Secretary Ed Miliband has been doing a misplaced victory lap on social media over the government securing 131 new clean energy projects. The first bidding round for green energy projects took place under the Tories in 2023, though no deals were made as the subsidies were too low, so they increased the subsidies for the 2024 round. Miliband upped them even further, doubling the allowance. Not solely a Labour – or Miliband – win, then…
Miliband went further This isn’t something to boast about, especially since the expansion will saddle energy bill payers with a £10 billion cost. Consumers will end up paying foreign companies £82 per MWh in government subsidies to build these solar and wind farms. Meanwhile, Net Zero Watch has research that suggests a loophole in Government contracts could cost households up to £180 million a year. Their director aptly said:
“How many times were we subjected to the chorus of ‘wind is cheap’? That refrain now rings hollow and these results show Miliband’s green utopianism to be even more costly and impractical than once feared.”
Still, Reeves continues to blame the Tories for the surprise “black hole” as she prepares for the “painful” budget that’s sure to see tax rises for working people. Labour are doing as they also ways do: tax and spend, tax and spend…