Shares in UK candle producers set to rocket.

Like the Germans, the Brits are now reaping the whirlwind of their insane renewable energy policy. Not only have power prices skyrocketed, the perverse economics of that policy has left the UK grid vulnerable to complete collapse.

Britain’s energy needs have been so mismanaged – and the incentives filched from taxpayers and power consumers and directed to wind power so obscene – that there is insufficient capacity to operate a reliable and stable grid and little incentive to build it.

Backing a policy – through a fat pile of taxpayer and power consumer subsidies – favouring a generation source that can only ever be delivered at crazy, random intervals was always going to end in tears.

As a foretaste of what those south of the Scottish Border are up for, last week a spike and then collapse in wind power output saw more than 200,000 homes without power in Northern Scotland. Ah, the vagaries of the wind!

And, with the Muppets on both sides of the House in Westminster who appear to have no understanding of the fact that wind power generation is a technology that was simply redundant before it began, there is little or no hope that the Brits will escape the same fate.

Here’s the Wall Street Journal on Britain’s dark and dismal future.

When Britain’s Lamps Go Out; Green policies destroy the economics of power generation.
Wall Street Journal (Online)
28 Mar 2014