IEA Energy Analyst comments on quashed £15 million energy saving campaign
Mark Littlewood quoted in The Daily Express
“The Prime Minister’s instincts to reduce Government nannying are correct, but not in this case.
By implementing socialist price controls, spending £100-200bn to subsidise energy use without new supply, the risk of blackouts has risen.
Spending a further £15m on an energy saving campaign to reduce that risk is not wasteful.
It would only have to nudge use down by a fraction to break-even, and a larger response is more likely.
No one wants a return to campaigns involving sad polar bears, exploding children and patronising diet advice, but we want dark streets and cold homes even less.”
Notes to editors
The author does not support the Energy Price Guarantee or business scheme. Andy’s alternative would have cut taxes and raised targeted benefits, preserving the price pressure on use, avoiding the need for this campaign. https://iea.org.uk/media/scrap-the-energy-price-freeze-plan-in-favour-of-targeted-welfare-and-tax-cuts/
The National Grid has warned the risk of blackouts has risen in their latest scenarios. Report: https://www.nationalgrideso.com/document/268346/download
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