Economics
In the News
Progressive effects of low carbon drive
16th March 2017
The Committee on Climate Change has reached an interesting conclusion in its latest report: contrary to what energy companies have been telling us, the move to low carbon fuels is saving the average consumer money. In large part, this isn't because of conscious choice, but because the creeping adoption of new technologies, such as LED light bulbs and improved boilers, means that energy usage is becoming more efficient.
There suggestion is that "households make a net saving of £11 a month" because although "subsidies to wind and solar are adding £9 a month to the average bill...rules promoting energy efficiency save £20 a month."
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