THE EU’s green energy campaign could double household electricity bills by 2050, a report warned yesterday.
It predicted 20 years of rising electricity prices as Europe comes to rely on wind farms for up to half its electricity, compared to 5 per cent today.
The report from the European Commission says bills will rise by 50 per cent by 2030 and 100 per cent by 2050. This would take the average annual bill in Britain for electricity alone to £1,052, according to the uSwitch website.
The study examines how the EU can meet its target of cutting greenhouse gas emissions to 80-95 per cent of 1990 levels by 2050 and looks at efficiency, renewables, nuclear power and carbon storage.
Britain plans thousands of wind farms and increased penalties for energy-intensive firms which emit large volumes of greenhouse gases.But yesterday the head of Tata Steel’s European division, Karl-Ulrich Koehler, warned the Government that its green drive is threatening the firm’s plans to invest £1.2billion in Britain by 2016.
The report from the European Commission says bills will rise by 50 per cent by 2030
Dr Benny Peiser, of the Global Warming Policy Foundation, called for a “moratorium on green energy” laws. “The UK’s green policies not only burden businesses and households with huge and growing costs, they pose a serious threat to economic recovery,” he said.
However, Friends of the Earth claimed relying on fossil fuels could mean a £500 hike in bills by 2020.
Using Government data, it said if coal and gas prices rose as they had in the past decade, the total bill could rise to £21billion a year.