£500 on electricity bills to pay for green energy
James Kirkup, and Rowena Mason
Dec 16, 2010
Chris Huhne, the Energy Secretary, will outline government plans today to encourage energy companies to develop low-carbon power plants, including nuclear power stations and wind farms.
Energy analysts say the Coalition’s plans will put Britain on course for a “high cost, low carbon” electricity market where consumers pay the price for environmentally friendly generating technology.
Energy companies say that the shift will require them to invest more than £200 billion in new power stations and networks over the next 20 years.
A new tax could be levied on fossil fuels such as coal and gas, making them more expensive relative to low-carbon sources of energy such as nuclear and wind power.
This article was posted: Thursday, December 16, 2010 at 5:14 am