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Energy Economics - Drax carbon-capture plan could cost British households £500 each

Graham Watson

28th May 2021

There's a degree of controversy surrounding the plans of a North Yorkshire power station to retrofit carbon capture technology.

It is argued that the cost of such a scheme could cost £31.7bn over 25 years, equivalent to £500 per household, Factor in that it's already on track to earn more than £10bn in subsidies for burning wood chips, and the plant could receive more in subsidies than Hinkley Point C nuclear plant.

All of which raises questions about the true sustainability of some of the government's energy plans, and has a number of environmentalists up in arms.


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