The decision by David Cameron’s government to ditch what he denounced as “green crap” policies will cost every household as much as £150 a year by the autumn, new analysis has shown.
With energy prices already soaring and bills set to rise even further this year, it suggests Cameron’s decisions to effectively end onshore wind projects in England, cut solar subsidies and slash energy-efficiency schemes played a large part in rising bills. It comes with the government preparing to announce its much anticipated energy strategy this week, as Russia’s invasion of Ukraine further drives up energy prices. It is expected to push measures such as solar and onshore wind power generation, as well as North Sea oil projects. However, there are concerns that the Treasury is holding back more radical action.
Many of this week’s measures could reverse action taken by the coalition government. Analysis by Carbon Brief looked at the cumulative effect of ending onshore wind subsidies, cutting energy efficiency funding and scrapping a programme to make all new homes carbon neutral. It also factored in cuts to solar energy subsidies.
With the energy price cap already at £1,277 a year and rising to £1,971 in less than a fortnight and an expected £3,000 in October, the analysis found that maintaining the green policies would have reduced energy costs by £8.3bn a year for the economy overall, part of which would equate to £150 a year per household.
Dr Simon Evans of Carbon Brief, who conducted the analysis, said: “Cutting the so-called ‘green crap’ has left UK households highly exposed to soaring global gas prices and Russia’s invasion of Ukraine. Energy efficiency and cheap renewables are the fastest and most effective ways to cut gas imports –
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