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UK government announces renewable energy strategy

As we covered just a couple of days ago, the UK government has this week announced its renewable energy strategy which will ultimately see a significant increase in consumer energy bills across the UK. The government is at the forefront of a £100 billion investment into low carbon renewable energy sources and while there are very few who would argue against such a move, the expected increase of around £249 a year to each and every energy bill in UK is not something which will be welcomed.

It has to be said that the UK government's timing of the strategy could not have been worse as more and more people in the UK are pulled into fuel poverty, i.e. they are spending more than 10% of their monthly income on energy bills. Despite claims by Ed Miliband, the UK government's energy and climate change secretary, that the average home energy bill would only go up by £92 a year a table at the back of the hefty report suggests otherwise. The governments own figures indicate that if all targets are met by the new strategy there will be a £77 increase in domestic electricity bills by 2020 and a £172 increase in the average gas bill. This equates to an annual increase of £249 per household in the UK per year, something which the UK government appears unwilling to comment upon in public.

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