Thursday, 13 December 2012

Green power 'insurance' against gas


The latest analysis by the Committee on Climate Change confirms that consumers are set to see bills increase by £100 by 2020 to support green energy such as offshore wind power. But the committee described the investment in low carbon power as "insurance" against the risks of high costs of gas in the future.

The average household electricity bill could rise by £600 by 2050 if the UK relies on "unabated" gas power that has no technology to cut its emissions, as a result of rising gas prices and the cost of paying for carbon pollution.

Bills would only be £200 higher than today by mid-century if the country pushes ahead with a low carbon system, and consumers would be much less exposed to price shocks, the research showed.

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