Households Face £769-a-Year Rise in Power Bills to "Rewire the Nation" for Green Energy
October 12, 2010
A £200 billion (about $317 billion) plan to switch to green energy could cost U.K. households an average of £769 (about $1,220) a year, says the Daily Mail. The first stage, a £32 billion (about $50 billion) plan to build new pipelines and pylon networks, has already been given the go-ahead.
Industry regulator, Ofgem, said a massive construction plan is needed to build new wind farms, power stations (including nuclear) and a modern national grid.
- Ofgem said this element will cost households a relatively modest sum of an average of £6 (about $9.50) a year.
- However, David Hunter, an analyst at the M&C Energy Group, warns: "Customers should expect a 60 percent hike in bills over the next decade or so."
- Other industry analysts said the full £200 billion cost would up the average annual bill of£1,194 by £769 a year -- or 68 percent -- to £2,000.
"The £32 billion needed to improve Britain's pipes and wires network is only a fraction of the overall cost of the investment program which equates to £769 per household. If consumers do end up footing the bill we could see the average annual household energy bill reach over £2,000, a huge 68 percent rise," says energy expert Tom Lyon.
Source: Sean Poulter, "Households Face £769-a-Year Rise in Power Bills to 'Rewire the Nation' for Green Energy," Daily Mail (U.K.), October 5, 2010.
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