Saturday, July 11, 2009
Millions of families face being hit with higher fuel bills to pay for a new ‘green energy revolution’ due to be unveiled by Labour next week.
The levies on the price of gas and electricity – dubbed ‘green stealth taxes’ by critics – will help pay for renewable energy to tackle climate change, including building 7,000 wind turbines over the next 11 years.
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A White Paper unveiled by Climate Change minister Ed Miliband next week will outline the Government’s next steps for the expansion of green energy.
But industry experts warn the cost of subsidising renewables will increase household energy bills. At present the renewables element of the typical bill is an average £55 a year, but this could increase to as much as £120 by 2014.
This article was posted: Saturday, July 11, 2009 at 5:32 am