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UK 2020: £5000 Yearly Household Energy Bills Driven by Unilateral Climate Targets
Household gas and electricity bills are expected to rocket fourfold to nearly £5,000 a year by the end of the decade to meet Government-imposed green targets.
And the price heavy industry will have to pay by 2020 is so high that energy-dependent firms could be wiped out, causing thousands of job losses, said an industry spokesman.
A massive rethink on the cost of ‘green energy’ is taking place in Whitehall among senior regulators and industry, leading some to question whether the public will be prepared to pay increasingly high bills for the UK to become greener than most countries.
Officials at regulator Ofgem now privately admit that a report they issued only last year severely underestimates the cost of cutting carbon emissions by building a new energy infrastructure for the UK.
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Daily Mail: ‘Watchdog revises cost of green energy improvements’
January 7th, 2010 at 3:54 am
Energy prices are way too high in the northern European countries!