Higher gas and electricity bills to pay for shift from fossil fuels
Siobhan Kennedy, Politics and Business Correspondent , 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
