RWE Says U.K.’s Clean Energy Program to Boost Power Bills
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The U.K.’s plan to build new power plants and cut pollution will be the main driver behind a jump of almost 20 percent in bills by the end of the decade, according to the utility RWE AG.
Policies that spur a low-carbon economy such as a tax on emissions and subsidies for renewable energy will cause the average household electricity bill to rise to 1,487 pounds ($2,244) in 2020 from 1,247 pounds now, RWE’s unit operating in Britain said in a report.