By Paul Homewood
h/t Ian Magness
The Telegraph seems to have finally woken up to the fact that hydrogen will cost consumers a fortune!
Homeowners face higher energy bills to pay for greener gas that could be used to heat just 10 per cent of the country’s homes.
The Government will announce on Tuesday that it wants a subsidy scheme to help fund its ambition to produce 5 gigawatts of hydrogen for use in heavy industry, transport and home heating by 2030.
The scheme will be modelled on subsidies that were key to boosting the UK’s offshore wind industry over the past decade, which are levied on electricity bills.
The plans could see bills rise for everyone, although hydrogen is likely to play only a niche role in meeting the Government’s targets to cut the carbon emissions produced by home heating. Alternative plans could see costs added to general taxation.
The Government expects hydrogen to provide enough energy for 67,000 homes, or 0.2 per cent, by 2030, rising to meet up to 10 per cent of domestic heating demand by 2035.
Experts on Monday said there was a risk that bill payers could be locked into paying for the development of “pointless” technology.
via NOT A LOT OF PEOPLE KNOW THAT
August 17, 2021