Clean energy costs will triple and you'll be paying for it
We've spoken about the real cost of carbon tax before, but it is still a pressing concern as reports state that we'll be coughing up even more money for our energy bills as the cost of covering greener energy will triple by 2020. And that's according to government officials, for what it's worth.
Energy Secretary Ed Davey is going to let utility companies triple the renewable energy levy to £7.6 billion, according to a spokesman at the Department of Energy and Climate Change.
This is all part of the plan to replace old power plants and reduce greenhouse gases.
"It’s the most significant change around in the energy market for more than 20 years," said Gordon Edge, director of policy RenewableUK. Of course, with this move, 250,000 jobs will be created, but it isn't hard to imagine that support for renewable energy could wane if everyone is faced with increasingly high bills. However, if companies aren't relying on wholesale gas prices, might we see a drop in cost, eventually?