Financial Times: Subsidies to add £100 to fuel bills

Wind farm subsidies and other green policies will add as much as £100 a year to household energy bills by 2020, and businesses can expect a rise of up to 25 per cent, according to a report by the government’s climate watchdog.

The impact could be “significantly higher” for a small number of energy-hungry industries, such as electric-arc steelmakers, says the Committee on Climate Change.

But green power strategies will eventually prove cheaper than relying on the gas-fired electricity generation favoured by George Osborne, the chancellor, because that option could increase household bills by as much as £600 in later decades, the committee’s research reveals.  MORE