It may be a week old, but last Monday’s episode of Panorama really is worth putting
half-an-hour aside for, if you haven’t seen it already. Its subject was energy prices, and it raised some very urgent concerns about the government’s policies in that area. You can watch it
on the BBC site, but here’s a brief summary in the meantime.
All in all, switching our dependence away from coal and oil is going to be enormously expensive. Some £200 billion of taxpayers’ money is to be spent on increasing renewable energy output from seven to thirty percent by 2020. And, because sources like offshore wind costs almost £100 an hour more than traditional generators, this policy’s most immediate effect will be to raise energy bills sky high. The repercussions of Britain’s growing dependence on wind power, in particular, will be wide reaching.
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