Report Says Household Costs To increase With Current UK Renewable Energy Policies
Policy Exchange, the UK think tank, has created a stir across the country recently, when it stated that the renewable policies of the government will lead to an increase in household costs by 2020 of up to £400. This has invariably led to the governments Department of Energy and Climate Change vigorously refuting the claim. According to the DECC the people at Policy Exchange are totally wrong and claiming that the figure is based on analysis that is flawed and as such not credible.
This tit for tat is like having someone tell you that the octopus hr software is not worth the buy and the makers claiming otherwise. The report released by the Policy Exchange last week countered the claims by the government that its policy on renewable energy will likely see a reduction in what household are currently paying on their energy bill by as much as 7% within the next eight years. According to the group higher bills are in store for two-thirds of household because they will not be benefitting from the rebates or any significant demand reductions.
The DECC have come out and stated that the Policy Exchange has overestimated the costs and at the same time ignored the benefits. They also published a complete breakdown of what the impact would be and how the net effect will be a reduction by 7% in the average domestic fuel bill.
Yet still the Policy Exchange has argued that the costs associated with things like grid upgrades, that are paid through energy system costs and taxation, will have to be paid by someone and that person is the householders.
The DECC has made it clear that we do need plants upgraded and also new ones but we won’t see a reduction in energy costs if we do not do the necessary investments into these facilities now.
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