Gareth Hall

🚨🚨Wow. A bombshell moment. Ed Miliband has just released the price that you're going to pay for offshore wind for the next twenty years. £95/MWh in 2025 prices. The highest offshore wind price in a decade. Ed will try to spin that this is cheap. It is not. Gas power without a Carbon Tax is under £55. Average electricity price last year (including the Carbon Tax) was roughly £80. And that £95 for wind is just what we pay for the wind power itself. On top, you also have to pay for all the extra grid, paying wind farms to switch off, and having a very expensive backup power station on standby for a cold, windless day like we had just last week. And to try and sweeten the deal for the wind developers, Ed has extended the contracts so we're now going to be locked into these prices for TWENTY YEARS. By DESNZ’s own numbers the contract extension is worth 12% of the strike price to the wind developers, so a true comparison with last year's £82/MWh would be £102/MWh. Wind is getting significantly more expensive, not cheaper. Ed is locking us into a 10% fixed-rate mortgage because he doesn’t want the volatility of being on a 4% variable. He is cementing our uncompetitive electricity prices for even longer at a time when the world is becoming more unstable and we need cheap, reliable energy to compete. Labour promised to cut your bills by £300. This was how Ed Miliband said he was going to do it. But it has never been clearer that he cares more about his own clean power vanity project than he does about your energy bill.