[SIZE=10pt]25.10.2013: UK Prime Minister David Cameron has promised to review so-called green levies in an effort to reduce gas and electricity bills, reports the BBC. Currently, about 9% of the average UK household’s energy bill goes toward funding green energy support schemes. This, the Tory prime minister says, must change: »We…need to roll back the green charges that [Labour Party politician Ed Miliband] put in place as energy secretary.« However, the Lib Dem Party, which is governing in coalition with the Conservative Party, has said that it want to keep the green taxes in place, arguing that they are essential to creating a sustainable and environmentally friendly energy supply for the UK. Cameron’s latest attack on green levies comes just after three of the UK’s »big six« energy suppliers announced price increase of between 8% and 10%. The average price of gas and electricity paid by UK households has risen by about 18% and 9% in real terms since 2010 and by about 41% and 20% in real terms since 2007. The costs of energy and climate change policies are estimated to have contributed about 15% of the increase, according to the BBC. Green energy measures currently cost the average UK household £112 ($181) per year. There are seven energy and climate programs that receive funding via household energy bills. These are the Energy Companies Obligation (ECO) program, the Renewables Obligation (RO) scheme, the FIT scheme, the EU/ETS and CPF Carbon Reduction Commitment (CRC) programs, the Warm Home Discount scheme and the Smart Meters & Better Billing program. The ECO program, which helps low-income families make energy efficiency improvements, costs ratepayers the most: 4% of their bill goes toward funding this program. The RO and FIT schemes, which support the deployment of renewable energy generation systems, account for 2% and 1%, respectively, of the average UK household energy bill. Cameron has not said which support schemes he is targeting and has not specified how he plans make changes to the green measures. © PHOTON[/SIZE]
[SIZE=10pt]The green taxes Cameron is talking about are exactly what funds the Green Deal, or certainly the ECO bit[/SIZE] which is the only section of this 'flagship policy' that's actually moving. Of 80,000 assessments , currently just 20 people have signed up, the rest either not bothering, or realising its cheaper to finance it themselves. So, if they won't touch a flagship policy, what's the betting they hit the FiT rates and RHI rates.
[SIZE=10pt]The green taxes Cameron is talking about are exactly what funds the Green Deal, or certainly the ECO bit[/SIZE] which is the only section of this 'flagship policy' that's actually moving. Of 80,000 assessments , currently just 20 people have signed up, the rest either not bothering, or realising its cheaper to finance it themselves. So, if they won't touch a flagship policy, what's the betting they hit the FiT rates and RHI rates.