26 Nov '12, 4pm

U.K. Consumer Electricity Bill Costs to Increase by 2020 for Renewable Energy Expansion

U.K. Consumer Electricity Bill Costs to Increase by 2020 for Renewable Energy Expansion

Energy Secretary Ed Davey will allow utilities to triple the renewable energy levy that comes through in household and business power bills to 7.6 billion pounds ($12 billion) by 2020, according to a spokesman at the Department of Energy and Climate Change. The change will come in legislation Parliament will consider once the details are published on Nov. 29. The measures are part of the government’s 110 billion-pound program to replace aging power plants and reduce greenhouse gases. The decision helps provide utilities such as SSE Plc and Electricite de France SA certainty over the scale of support the government is willing to grant clean energy, a level of transparency that the industry group RenewableUK has said is necessary to stimulate investment. “This is a once in a lifetime change to our energy infrastructure, moving away from dependence on fossil fuels,” Davey sai...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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