The next round of increases to household energy bills has just begun (Smart Money, 13 April). Yet, this is only the beginning. The cost of electricity is predicted to rise to 19.8p per kWh within seven years, almost double the present cost, according to the report Estimated impacts of energy and climate change policies on energy prices and bills from the Department for Energy and Climate Change.
This report also makes it clear that the bulk of this rise is due to subsidies for “renewable” energy and other “green” energy schemes.
The report estimates that the cost of these subsidies will add 17 per cent to the basic cost of electricity this year, rising to a massive 33 per cent in 2020 and 41 per cent in 2030.
And for what? CO² emissions continue to rise in the UK and Scotland missed its first legally binding CO² target.
The vast majority of our electricity will continue to be produced by thermal generation, yet the rising cost of the green fantasy project will be paid for by consumers and industry.
Linlithgow, West Lothian