How much does increasing renewable energy cost on our
household energy bills? A government report in March of this year has analysed how
much we pay for what in our energy bills. Guess what, wholesale energy costs
vastly outweigh the costs of energy and climate change policies. 55% of your
gas bill covers wholesale gas costs and only 5% is allocated to energy and climate
change policies.
When it comes to electricity 37% of your bill covers the
price of wholesale electricity and 14% covers energy and climate change
policies.
Energy and climate change polices includes a raft of
measures ECO – energy company obligation e.g. a requirement on energy companies
to ‘support households in improving the energy efficiency of their homes’ mainly
concentrating on helping the vulnerable and those on lower incomes to heat
their homes affordably and helping households living in harder and more
expensive to improve homes e.g. those with hard to treat cavity wall insulation
and solid wall insulation.
In addition, the polices will reduce energy prices in the future.
The average gas bill will be cut by 13% by 2030. The average electricity bill will
initially reduce by 11% by 2020 but is then predicted to rise by 10% up to
2030. Overall the impact of these polices on average energy bills overall is a
3% reduction by 2030.
To put this in context, we currently have the lowest gas
prices in the EU 15 (this excludes Central and Eastern Europe.) We also have
the 3rd or 4th lowest electricity prices. And we spend
less on energy and climate change polices than almost any other EU15 country, 3rd
lowest. http://www.energypriceindex.com/wp-content/uploads/2011/08/HEPI_Press_Release_January20131.pd
So don’t let the climate change deniers win – energy
efficiency and renewable energy are worth the price – and the price is not as high
as they would have you believe.
No comments:
Post a Comment