24 Oct '12, 8am

#Renewables

REA sets out true cost of renewables support ahead of Commons debate Posted: 24 October, 2012. Written by REA News Renewables support schemes comprise only 2% of energy bill increases over past two years Ofgem data shows average dual-fuel energy bills have risen by £205 in the past two years (July 2010 to July 2012) [1]. Analysis by REA based on Ofgem/DECC data shows support schemes for renewables over a similar period have contributed around £4 to energy bill price increases [2]. That equates to 2% of total bill increases over the past two years. Or in other words, factors other than renewables subsidies are responsible for 98% of energy bill rises over the past two years. Analyses by both Ofgem and the Committee on Climate Change show that increases in wholesale gas prices have been the primary driver of energy bill increases in recent years [3]. Furthermore, the recentl...

Full article: http://www.r-e-a.net/news/rea-sets-out-true-cost-of-renew...

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