A £200billion plan to switch to green energy could cost households an average of £769 a year, it was claimed today. Industry regulator, Ofgem, said a massive construction plan is needed to build new wind farms, power stations, including nuclear, and a modern national grid. The first stage, a £32billion plan to build new pipelines and pylon networks, has been given the go-ahead. Ofgem said this element will cost households a relatively modest sum of an average of £6 a year. However, industry analysts said the full £200billion cost would put up the average annual bill of £1,194 by £769 a year - or 68 per cent - to £2,000....Read more: Tuesday 5 October 2010
UK Households Face £769-a-Year Rise in Power Bills to 'Rewire the Nation' for Green Energy
A £200billion plan to switch to green energy could cost households an average of £769 a year, it was claimed today. Industry regulator, Ofgem, said a massive construction plan is needed to build new wind farms, power stations, including nuclear, and a modern national grid. The first stage, a £32billion plan to build new pipelines and pylon networks, has been given the go-ahead. Ofgem said this element will cost households a relatively modest sum of an average of £6 a year. However, industry analysts said the full £200billion cost would put up the average annual bill of £1,194 by £769 a year - or 68 per cent - to £2,000....Read more: 