Higher gas and electricity bills to pay for shift from fossil fuels
The Times, 26 Jun 2008Householders will be warned today to expect five years of higher home energy bills to pay for a green power revolution.
John Hutton, the Business Secretary, will outline plans for a massive shift away from fossil fuels to wind, solar and tidal power, but will add that the change comes at a price. “We think there will be a cost,” he told The Times yesterday.
The plan, which he calls the biggest shake-up in Britain's power generation since the Industrial Revolution, requires £100 billion of new investment but would lead to five years of higher gas and electricity bills from about 2015, he said. ... Read full article
