Gas is the main reason for price increases in UK, not RES

Gas is the main reason for price increases in UK, not RES

Research conducted by the British Committee on Climate Change shows how the rising gas prices are a major cause of rising energy prices for households with as much as 64%, while renewable energy is responsible for only 6.5% of the total growth rate. The average household that used gas and electricity in 2004 paid 604 pounds

Research conducted by the British Committee on Climate Change shows how the rising gas prices are a major cause of rising energy prices for households with as much as 64%, while renewable energy is responsible for only 6.5% of the total growth rate.

The average household that used gas and electricity in 2004 paid 604 pounds a year, while for the same power in 2010; they paid 1060 pounds, an increase of 75%. Within this price increase only 30 pounds, or 6.5%, goes to renewable energy incentives and 290 pounds goes to the increased cost of gas and its suppliers.

Dr Gordon Edge, director of RenewableUK, said: “This important analysis of the Committee on Climate Change confirms the impact of excessive reliance on fossil fuels in our energy use, suggesting the need for redirecting resources to less dependent on limited resources.”

The Committee believes that the investment in the production of low-carbon sources, including renewable energy and nuclear energy, increase accounts for 100 pounds by 2020, which is far less than the current claims of critics of renewable energy sources.

“Nobody argues that support for renewable energy sources to their full competitiveness in the market to be free, but the cost of inaction will be far higher. During the last decade, rising prices of fossil fuels has raised the price of energy bills more than expected from the increase in price caused by the incentives for investment in low carbon energy. But in this case, an additional 100 pounds will bring stable prices, growth of British industry and reduce dependence on imports, and considers that it is a great investment that will surely justify its value”, said Dr. Edge.

 

Source: croenergo.eu

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