Updated on Apr 24, 2014 by Bishop Hill
Ed Davey has announced a further expansion of the government's renewable energy scheme, with eight new projects unveiled, blanketing the UK's waters with wind turbines. These projects are apparently so enormous that they will, on their own, produce a noticeable rise in household electricity bills of some 2%. The rise in industrial electricity prices that will result and which must also be absorbed by consumers - something like the same amount again - goes unstated.
Interestingly, the argument that renewables are cheap have gone out of the window. Instead, with Ukraine in the news on a daily basis, Davey is emphasising energy security:
Mr Davey defended the cost, arguing that these kind of low-carbon projects were essential to boost energy security and battle climate change.