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Prof Dieter Helm recommends a carbon price to reduce UK’s energy costs

Environmental Research Web 28th Oct 2017, In his wide ranging review of energy costs for the UK government, Prof.Dieter Helm says ‘the cost of energy is too high, and higher than
necessary to meet the Climate Change Act (CCA) target and the carbon
budgets. Households and businesses have not fully benefited from the
falling costs of gas and coal, the rapidly falling costs of renewables, or
from the efficiency gains to network and supply costs which come from smart
technologies. Prices should be falling, and they should go on falling into
the medium and longer terms’. And he sets out his ideas for enabling that
to happen.

To simplify things, he wants to combine support systems and
taxes into a universal carbon price and a unified equivalent firm power
auction process. http://blog.environmentalresearchweb.org/2017/10/28/the-helm-energy-cost-review/

October 29, 2017 - Posted by Christina Macpherson | renewable, UK