Green Levies To Cost £10bn by 2020

Another sobering “what the greens won’t tell you” article

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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http://www.telegraph.co.uk/finance/personalfinance/energy-bills/11214562/Green-levies-on-energy-bills-to-double-by-2020-official-estimates-show.html

The Telegraph report:

Green levies on energy bills will more than double by 2020 and treble by 2030, new government analysis shows.

Every household now pays £68 a year to subsidise renewable energy projects such as wind farms, solar panels and biomass plants and to fund carbon taxes, according to official analysis published on Thursday.

The policies, which are intended to help tackle global warming, account for about 5 per cent on an annual energy bill of £1,369, Government documents show.

But that sum is forecast to rise significantly in order to fund more wind farms and new nuclear plants, rising carbon taxes and a new scheme to ensure there are enough back-up power plants when the wind doesn’t blow.

By 2020 such levies are forecast to total £141 a year – 11 per cent of an annual bill of £1,319 – and by 2030 they…

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