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Richard Tice: £80 million spent on balancing costs due to Net Zero policies

Richard Tice: £80 million spent on balancing costs due to Net Zero policies
Net Zero leads to £80 million balancing costs

Richard Tice criticized Net Zero policies, claiming they forced the National Electricity System Operator (NESO) to spend £80 million of taxpayers' money in just two days on balancing costs to keep the lights on. Tice also argued that these policies lead to poorer conditions for British people while owners of wind farms benefit financially.

Tice recently called for Thames Water to be put into special administration for £1, stating shareholders and debt holders should not benefit during the utility’s financial crisis here. In a separate warning, he reported that over 500 landlords are leaving the private rental market daily and expects rents to rise as Labour adds more restrictions here. These interventions follow his ongoing commentary on the economic impact of industry and policy decisions in the UK.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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