Another £2 Billion Handed Out To Subsidize Hydrogen

Another £2 Billion Handed Out To Subsidize Hydrogen - By Paul Homewood

• The CfD prices of £241/MWh compare to the current wholesale cost of natural gas at around £34/MWh.
• The amount of hydrogen these projects will make is miniscule, about 1 TWh even if they work at 100% capacity. UK consumption of gas is over 800 TWh annually. 

£2 billion is a lot of money to pay out for so little, and presumably will be added to our gas bills, in the same way that subsidies for wind power are added to electricity bills...