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In the News

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.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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