Net Zero subsidies and grid upgrades set to cost £40bn a year by 2030
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Net Zero subsidies and grid upgrades set to cost £40bn a year by 2030.
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Net Zero subsidies and grid integration costs will exceed £40 billion a year by 2030, a report claims.
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Clean energy subsidies, which include wind and nuclear, are predicted to increase from £11.8billion a year to just under £15billion.
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In 2010/2011 they were just £500million, according to a report by the think tank Prosperity, which owns a stake in GB News's parent company.
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Meanwhile, integration costs – which include connecting the grid to renewable projects and the handling of intermittent energy – are set to triple, from £8billion a year to £25billion, the report states.
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