Monday, 27 February 2017

GREEN LEVIES TO MAKE A QUARTER OF ELECTRIC BILLS BY 2020

Ministers were last night urged to come clean about the explosion in green levies by publishing the cost in household power bills. Furious peers said green subsidies will make up around a QUARTER of the typical electricity bill by 2020 – but the public had no idea they were picking up the tab. It came as a cross-party Lords Committee blamed the levies and other disastrous Government interventions for pushing electricity prices sky-high. They warned the 58 per cent surge in prices over the past decade was forcing manufacturers to move overseas. They called for an end to most subsidies and the creation of a new Energy Commission to monitor affordability. --Steve Hawkes, The Sun, 24 February 2017

No comments: