Wednesday, April 10, 2013

Energy policies push up business bills

The UK's energy and climate change policies will help cushion domestic consumers from price rises. But they will lead to an increase in average bills for businesses, a new government report has concluded.
According to the report, published on 27 March, medium-sized energy users currently face bills that are already 21% higher, than would otherwise be the case, as a result of government policies. This is expected to increase in future years.
Energy-intensive users' energy costs were said to be up to 14% higher than otherwise would be as a result of policies, and this could increase to 36% by the end of the decade - largely because of the impact of the UK carbon floor price, which came into force on 1 April this year, and the EU Emissions Trading Scheme.