27 Mar '13, 6pm

U.K. Clean Energy Rules to Add 36% to Company Power Bills

U.K. Clean Energy Rules to Add 36% to Company Power Bills

Energy-intensive companies will see energy bills soar by as much as 5 million pounds ($7.6 million) a year due to carbon taxes and support for nuclear and renewable energy, according to a study e-mailed today by the department. Medium-sized companies face an average rise of 22 percent, or 330,000 pounds. The government is spurring renewables and nuclear power to meet the U.K.’s target to cut greenhouse gases 34 percent in 2020 from 1990 levels. It’s also seeking to gain a bigger share of the 3.3 trillion-pound global market for clean energy while sparing households the burden of carbon cuts. Consumer bills will be reduced by 166 pounds, or 11 percent by 2020. “Our strategy of shifting to alternatives like renewables, and of being smarter with how we use energy, is helping those that need it most save money on their bills,” Energy Secretary Ed Davey said in a statement. “Th...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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