Subsidies for Cult-Approved Power Generation Now Costing UK £25.8 Billion Yearly

Britain’s green energy subsidies are costing British households £280 a year on their electricity bills, according to new research.

The report claims subsidies for wind and solar are adding hundreds of pounds to bills and holding back UK industry.

A further £650 per household is being passed on indirectly through higher costs at businesses like supermarkets, as companies recover their share of green energy levies, according to research by the Renewable Energy Foundation (REF).

It means the total cost of renewable energy subsidies is now around £25.8 billion a year across households and industry. REF said this was a major factor behind high electricity prices and blamed it for helping to drive the decline in British manufacturing.

John Constable, director of the Renewable Energy Foundation, said: “Renewables subsidies are now costing £25.8bn per year – or over £900 per household annually – about one third of which, £280, will hit the average domestic electricity bill directly.

“The remainder, £650, impacts households through general cost of living increases – as businesses like supermarkets recover their share of the green subsidy costs through increased prices. This is intolerable. It simply can’t go on.”

Britain’s green energy subsidies are costing British households £280 a year on their electricity bills, according to new research.

The report claims subsidies for wind and solar are adding hundreds of pounds to bills and holding back UK industry

A further £650 per household is being passed on indirectly through higher costs at businesses like supermarkets, as companies recover their share of green energy levies, according to research by the Renewable Energy Foundation (REF).

It means the total cost of renewable energy subsidies is now around £25.8 billion a year across households and industry. REF said this was a major factor behind high electricity prices and blamed it for helping to drive the decline in British manufacturing.

John Constable, director of the Renewable Energy Foundation, said: “Renewables subsidies are now costing £25.8bn per year – or over £900 per household annually – about one third of which, £280, will hit the average domestic electricity bill directly.

“The remainder, £650, impacts households through general cost of living increases – as businesses like supermarkets recover their share of the green subsidy costs through increased prices. This is intolerable. It simply can’t go on.”

The report also reignites a political row over Labour’s earlier campaign claim that switching to a fully renewable energy system would cut household bills by £300. Since becoming Energy Secretary, Ed Miliband has come under pressure to prove that bills are actually going down.

Andrew Bowie, the Conservative shadow energy secretary, criticised Miliband’s approach. He said: “Ed Miliband can try to perpetuate the fiction that his net zero targets will save people money, but this research reveals the true cost of prioritising climate targets over cheap energy.

“Under new leadership, the Conservatives have been clear that the cost to families of net zero by 2050 will be far too high.”

The REF report comes as households face another rise in energy bills. Ofgem’s latest price cap pushed average bills up by 6.4 per cent, or £111, from April.

Source: GB News