Electric shock: Spike in U.K. energy prices push cost of running EVs above gas-powered cars

Electric shock: Spike in U.K. energy prices push cost of running EVs above gas-powered cars

 

Runaway cost of powering electric cars in Britain provides a cautionary tale for U.S.

 

Electric vehicle chargers are seen in the parking lot of South El Monte High School in South El Monte, Calif.,

 

Discounted prices, car-share programs, and a robust network of public charging stations are among the ways  

 

Charging electric vehicles in Britain soon will be more expensive than filling up gasoline-powered cars thanks to soaring electricity costs — an economic switcheroo that could be a harbinger of shrinking financial benefits for Americans who go green.

 

British energy regulators told electricity consumers to expect to pay 80% more beginning Oct. 1. The national price cap on residential electricity will send the average bill from about $190 per month to an estimated $343 per month, or more than $4,000 per year.

 

The shocking price hike stems from the nation’s limited reserves and Russia’s cutoff of one of the region’s major sources of electricity generation: natural gas.

 

British energy prices eclipsed those of many other Europeans, because the nation lacks domestic energy storage and production of natural gas, nuclear and renewables, making it more dependent on imports.

Kenny Stein, policy director of the Institute for Energy Research, warned that the financial hardship in Europe from rising energy prices is an omen for Americans, if the U.S. transitions from fossil fuels to wind and solar faster than the supply can handle.

 

“For the U.S., this actually gets to an underlying fallacy of a lot of people that are pushing electric vehicles: They assert electric vehicles are cheaper because they assume electricity prices are going to stay cheap,” Mr. Stein said. “You’re combining the increased demands on electricity. That means you’ve got to build a new generation, and more transmission lines”

 

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Comment by Jim Wiegand on September 2, 2022 at 1:56pm

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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