REPORT: Cost of Renewables Set to Double by 2030

REPORT: Cost of Renewables Set to Double by 2030

A new report from the Institute of Economic Affairs (IEA) shows the UK’s electricity system costs are on track to more than double by 2030. The equivalent of adding £700 to the average household bill even if – and it’s a big if – gas prices remain static… According to the IEA, total subsidies and…

Cost of Renewables To Hit £40bn in 2030

That is equivalent to about £750 for every household in the country, of which about a third will feed through onto our energy bills. The post Cost of Renewables To Hit £40bn in 2030 appeared first on Watts Up With That?.

Cost of Renewables To Hit £40bn in 2030

By Paul Homewood    David Turver explains why energy bills will keep on rocketing:   https://insider.iea.org.uk/p/cost-of-renewables-to-double-by-2030 His analysis is all based on official projections from the OBR and NESO. First of all we have the various direct subsidies for renewables, which will increase from £11.8bn in 2024/25 to £15.2bn in 2031/31: Some of the RO...