A research study carried out by investment bank Liberum Capital revealed that energy prices would soar by more than 7% a year because the British government is required to shut down coal-fired plants in compliance with anti-pollution measures.
Dominic Nash, an analyst on the research team at Liberum Capital who covers UK utilities, has said that coal-fired plants generate 40 percent of the energy produced in Britain and half of these plants should be closed in three years.
Furthermore, Nash maintained that the number of British families who are hit by fuel poverty, those who have to pay over ten percent of their income for energy, would increase by three million over the next four years.
Last month, a research study carried out by fuel poverty expert Professor Christine Liddell of the University of Ulster showed that the number of British people who die due to fuel poverty is three times higher than the estimates made by the British government.
“I believe the figure of 7,800 is much more realistic as it is based on WHO’s [World Health Organisation] most recent estimates of deaths relating to cold and damp homes,” said Liddell.
Transform UK, the leading organization which campaigned for the Energy Bill Revolution, described the figures as “horrifying” and said it is ironic that Britain is called “a developed country” while it allows “this many people to die from living in cold homes.”
ISH/PKH/HE
Related posts:
Views: 0