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Page added on March 30, 2008

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Hitting EU’s energy targets will cost Brits at least

It will cost every household in the UK at least
According to energy consultancy Poyry, the bill for the UK to meet the target would be at least €5bn a year for more than a decade, compared with just over €3bn a year for France and Germany, and well under €500m for most other countries.

Energy companies are expected to pass on to consumers – who already face soaring utility bills – the costs of building the necessary wind farms, biomass plants and solar generators.

Chris Goodall, author of How to Live a Low-Carbon Life, says even these estimates are conservative, and fail to take into account the huge investment needed to connect new renewable and micro-generators to the national grid.


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