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Robert Best

πŸ‘€ Speaker
161 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
277. How to make green energy a vote winner

It is so obviously the case that from basic economics, right, we should not be paying wind farms in Scotland to switch their power off because, you know, they can't get it through the interconnector down to London and the southeast where they need it.

The Rest Is Money
277. How to make green energy a vote winner

That's obviously an unbelievable waste.

The Rest Is Money
277. How to make green energy a vote winner

And it's also really bad for the climate as well.

The Rest Is Money
277. How to make green energy a vote winner

And so what they really, I mean, you know, what a brave government would have done...

The Rest Is Money
277. How to make green energy a vote winner

would have been to go to a system of zonal pricing.

The Rest Is Money
277. How to make green energy a vote winner

And then, frankly, if there were investors in big infrastructure projects who said, we only invested on the basis of national pricing, then you have a conversation with them about how you compensate them for the change in the contract.

The Rest Is Money
277. How to make green energy a vote winner

But what you don't do is basically have a situation where you're throwing away cheap, clean power, an enormous cost both to the environment and to British people.

The Rest Is Money
277. How to make green energy a vote winner

And you don't have the incentives to basically create whether it's battery storage in London and the southeast or new, cheaper, renewable.

The Rest Is Money
277. How to make green energy a vote winner

Well, let's put it a different way.

The Rest Is Money
277. How to make green energy a vote winner

How is it, therefore, because this must be central to the kind of thing you've got to think about, right?

The Rest Is Money
277. How to make green energy a vote winner

How is it that we are... that you can actually build...

The Rest Is Money
277. How to make green energy a vote winner

you know, wind in Scotland and then not have in place the network that allows it to be shipped to the rest of the UK?

The Rest Is Money
277. How to make green energy a vote winner

How does that mismatch?

The Rest Is Money
277. How to make green energy a vote winner

I mean, that is like the stupidest mismatch of decision making.

The Rest Is Money
277. How to make green energy a vote winner

So Greg Jackson, who is the chief executive of the energy giant Octopus Energy and is also a partner of this podcast, he says... Ludicrously gold-plated.

The Rest Is Money
277. How to make green energy a vote winner

There's way too much being built.

The Rest Is Money
277. How to make green energy a vote winner

OK, so let's then...

The Rest Is Money
277. How to make green energy a vote winner

focus more on the climate side of things.

The Rest Is Money
277. How to make green energy a vote winner

One of the things that people would say is we are now, you know, gold plating the journey to net zero in the way that no other economy in the world is doing.

The Rest Is Money
277. How to make green energy a vote winner

We are the holiest of the holy for no benefit either to us or to the world because we're a tiny economy.