Compiled by Bob E.
Exhibit One:
Ed Miliband’s controversial scheme to encourage homeowners to install solar panels and wind turbines is set to cost families an extra £1billion in higher bills, figures reveal... Tory MP Dominic Raab said the scheme was another example of Labour profligacy. He added: "Ed Miliband’s flagship green subsidies have proved a ludicrously expensive way of backing inefficient technology."
Exhibit Two, from Private Eye 1331 published 11th January 2013 - Page 9 - Keeping The Lights On
Francis Maude, Minister for the Cabinet Office, slipped out an announcement just before Christmas unveiling a plan to fund uneconomic windfarms by forcing the Government Procurement Service to buy electricity from them at above market rates.
The PE piece continues for a further 4 paragraphs, one of which mentions the GPS being instructed by Ministers to sign up to 15 year contracts and that the policy means "[the GPS] will now be forced to underwrite projects so uneconomic they cannot attract finance even with the lavish level of subsidy already available" but sadly none of them contain a quote from Dominic Raab moaning about Coalition profligacy or ludicrously expensive ways of backing inefficient technology.
Exhibit Three:
Under a scheme agreed by Labour leader Ed Miliband during the last Labour government, but implemented by Coalition ministers, the contracts guarantee that the power firms will be paid even if they fail to deliver energy to households.
Labour MP Margaret Hodge, who chairs the PAC, described the contracts as a “licence for the private sector to print money at the expense of hard-pressed consumers”.
To summarise that for the benefit of Margaret "Memory Loss' Hodge, it was her government which issued the licence to print money and the "private sector" has now started using it.
Wind powered Indian bicycle marketing.
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