Energy costs in Britain set to go up

The British government published the long-awaited draft legislation to reform the UK’s electricity market on Tuesday. The draft Energy Bill delineates for encouraging investment in low-carbon energy.

However, the British press have raised criticisms against the bill both for pushing up energy prices and failing to secure that Britain would make energy clean within two decades.

“We can meet our climate change goals by largely decarbonising the power sector during the 2030s,” said Britain’s Energy Secretary Ed Davey.

“Decarbonising the power sector” in Britain would require some £110 billion investment in low-carbon energy such as offshore wind and new nuclear power stations.

However, the bill has been criticized for lacking a clear goal, which would lead to both more carbon emissions and higher energy prices.

“By failing to set a clear goal for carbon-free electricity by 2030, ministers are opening the door to a dangerous new dash for gas that will put up both bills and carbon emissions, and increase our dependence on imported fuel. This means families and business will be exposed to rocketing international gas prices,” said Joss Garman from Greenpeace.

ISH/JR/HE

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