Posted on 09/01/2022 5:10:23 AM PDT by Red Badger
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 reliant 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 renewables 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.”
The U.S. is making a major pivot toward electric vehicles. President Biden’s climate spending law is pumping billions of dollars into the production of EVs and providing tax credits to people who buy them.
(Excerpt) Read more at amp.washingtontimes.com ...
“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.”
Take that, Putin!!!!
you mean
teslagator
I wonder if British EV drivers still SMILE as they drive past petrol pumps...
The cost of the EV subsidies is being hidden from the public. Add that to all the other costs.
“British electricity prices will nearly double from about 33 cents per kilowatt-hour to 60 cents per kilowatt-hour...The average electricity cost in the U.S. is less than 11 cents per kilowatt-hour”
Germany is looking at $1.00 per kwh. Simply look at your power bill each month and multiply by 9, and you’ll see what Europe is paying...and why Russia is getting rich selling LNG on the spot market.
The Great Reset.
Massive starvation.
Unable to travel.
Sitting in the dark freezing and starving because they want to ‘thin the herd’ down to 500,000,000 survivors.
Is Eversource your utility company?
I’ve said this since day one. Simple supply and demand economics. More demand on the grid will result in higher costs.
In the long it may be more economical to own an ICE vehicle.
“our electric rates doubled”
...this is just the beginning. I think the Globalists have settled on $1.00 per kwh as the price needed to get commoners out of their energy-wasting habits.
“Calling FR’s EV fanboi club’s president, TexasGator. Breakfast is being served. I expect a better reply from you than your usual “Wrong!” or all you’ll be served this morning is burnt toast.”
And keep in mind that the per-mile cost of EVs in Europe is being compared to the price of fuel IN EUROPE - which is nearly $10/gallon...and the electricity STILL costs more.
Yesterday I heard a statistic regarding California.
ALL, yes ALL, of the electricity used in California would only cover 60% of the amount needed, to cover the total miles driven in California if all cars were electric.
I was gonna type aggragator, but yours is spot on!
As a conservative who can’t tolerate change in the status quo, you fail miserably to comprehend the Tesla wrought disruption currently in process. The disruption in America is small compared to other parts of the world.
The electricity need will be supplied by small and inexpensive nuclear generators
“The electricity need will be supplied by small and inexpensive nuclear generators”
When? Maybe a few by 2035, at most.
Food for thought.
We have a residential solar system that produces an average of 45 kWh/day. That’s enough to run critical circuits in the house 24×7 when you account for our solar battery.
Suppose we add an electric mid-sized SUV to the load, and that EV has a 100 kWh battery. Then suppose due to a 90 mile round trip commute and errand day, we need to add 40 kWh to our EV to get to 80% charge.
In order to charge the EV from solar, we’d have to park it for THREE DAYS in order to 80% charge it from solar, and keep the critical household circuits lit.
Our house has 34 panels. We have room for 52, but are limited to 34 (10 kW max production) by our EMCs interconnection agreement. By agreeing to turn off power export, we could bump our average daily production to ~67 kWh.
Then it would only take 2 days of sunlight to get to an 80% charge.
Adding 20 panels would cost about $20k with labor, programming and permits. That works out to just over 200 100% fill ups of that fancy new EV- likely 2-3 years of vehicle usage.
Point is while we love our home solar system it is NOT realistic to expect it to be the “free” way to fuel a true EV. It handles our plug-in hybrid sedan just fine, because the battery in that vehicle is “tiny” compared to a true EV.
Time will not be a problem.
The market will provide
Cost is not the issue. It is grid capacity. Everywhere the cars are, power generation is banned to use fossil fuel and nuclear. They are the limit now and every household requires a 50,000 watt home charger to run all night. It will never happen.
Lack of joined up thinking.
My solar panels generate enough of a surplus to run the house for 18 hours a day, 7 days a week, in summer AND juice up the car.
In winter, it’s more like 4 hours.
Total outlay of the system with batteries was 10k dollars, which means it’ll pay for itself on 2.5 years (accounting for low light).
I’m in the north of England, so not exactly in the sunniest bit.
Eversource doubled their rate in NH from $.11 to $.2267.
I am locked in at $.10/KWH from a electric wholesaler. Last months bill was $228 for 2800 sq ft house.
Yesterday, many people in my town were whining about the fact that their bills have doubled. Several of them stated they had bills that went from $300 to $600 or more. In many cases, these are the same people who were against both the Northern Pass transmission line from Quebec and the Kinder Morgan natural gas line from PA(NIMBY).
Well... Who could have seen that coming? /sarc
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