Uncategorized |
09/07/19
Energy minister Ed Davey has unveiled the government’s much-trailed Energy Bill
Energy minister Ed Davey has unveiled the government’s much-trailed Energy Bill, setting out the roadmap for the UK’s switch to “a low-carbon economy”. Energy firms can increase the “green” levy from £3bn to £7.6bn a year by 2020, potentially increasing household bills by £100. But big, energy-intensive companies could be exempt from the extra costs […]
Energy minister Ed Davey has unveiled the government's much-trailed Energy Bill, setting out the roadmap for the UK's switch to "a low-carbon economy".
Energy firms can increase the "green" levy from £3bn to £7.6bn a year by 2020, potentially increasing household bills by £100.
But big, energy-intensive companies could be exempt from the extra costs of the switch to renewable energy.
There are also proposals for financial incentives to reduce energy demand.
The "transformation" will cost the UK £110bn over ten years, Mr Davey said.