It will cost every household in the UK at least £2,000 to comply with the new European Union target of producing 15 per cent of all energy from renewable sources by 2020, according to a report commissioned by the government.(via GlobalWarming.org)
The report also says the UK will have to spend far more to meet the target than other EU countries, because the UK lags behind the rest of Europe on renewables and is a heavy energy user.
According to energy consultancy Pöyry, the bill for the UK to meet the target would be at least €5bn a year for more than a decade, compared with just over €3bn a year for France and Germany, and well under €500m for most other countries.
Energy companies are expected to pass on to consumers - who already face soaring utility bills - the costs of building the necessary wind farms, biomass plants and solar generators.
Monday, April 07, 2008
According to the March 30th Observer (U.K.):