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Greenest Government Ever: Electricity Prices To Skyrocket

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Paul Homewood, Not A Lot Of People Know That

By 2020, environmental charges will account for 33% of electricity bills, and 41% by 2030.

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http://www.publications.parliament.uk/pa/cm201314/cmselect/cmenergy/108/108.pdf

I ran a post a few weeks ago on the Report of the Energy & Climate Change Committee, “Energy Prices, Profits and Poverty”. The Report warned of large hikes in electricity bills looming as a consequence of climate change policies.

Tucked away on Page 59 was a bit more detail, which I reproduce below.

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So, to highlight:

1) Environmental charges already account for 11% on electricity bills, and 9% of dual gas/electric ones.

2) These amounts are set to rise sharply in future years.

3) By 2020, environmental charges will account for 33% of electricity bills, and 41% by 2030.

4) This increase will particularly impact electric only households (often fuel-poor).

5) Although two thirds of the extra cost would fall on non-domestic users, these costs would still find their way to domestic users, through higher prices for goods and services [not least higher taxes, as government running costs rise!]

6) These extra costs could also impact on the competitiveness of UK exports.

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