The madness continues

“Household gas and electricity bills are expected to rocket fourfold to nearly £5,000 a year by the end of the decade to meet Government-imposed green targets.

And the price heavy industry will have to pay by 2020 is so high that energy-dependent firms could be wiped out, causing thousands of job losses, said an industry spokesman.  …

Officials at regulator Ofgem now privately admit that a report they issued only last year severely underestimates the cost of cutting carbon emissions by building a new energy infrastructure for the UK.  …

Already energy bills are loaded up by five separate charges to help fund the battle to combat climate change and become greener. They are the EU Emissions Trading Scheme, the Carbon Emissions Reduction Target, the Renewables Obligation, the Community Energy Saving Programme and shortly there will be a levy on investing in clean coal projects.

Although householders will be badly hit, the damage to industrial energy users will be even more dramatic. These companies, which range from steel and chemical plants to industrial gas companies, are dependent on reasonable energy prices that can, in some cases, account for 70 per cent of their entire costs.   …

[Jeremy Nicholson, spokesman for the Energy Intensive Users’ Group, said] ‘The huge costs involved will make us totally uncompetitive.’

‘We are already highly efficient and cannot cut our costs further. If we find ourselves faced with these sort of increases, there will not be any heavy industry left in this country. We will be wiped out and with that thousands of jobs will go.'”  “Watchdog revises cost of green energy improvements

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  1. Sherlyn Fickling Says:

    Regardez la vid

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