Where have all the Money gone?
By Paul Homewood
Earlier I posted on the news that Department of Energy & Climate Change (DECC) tried to cover up official data showing how electricity prices are expected to skyrocket, as a direct result of climate policies. (See above Telegraph article).
I’ve now had a chance to dissect this data.
They base their assumptions around three scenarios of fossil fuel prices – high, central and low, and all numbers are at 2014 prices, so do not reflect normal annual inflation. They do not clarify exactly what constitutes the fossil fuel price bands, but they use Sep 2014 wholesale electric prices as the starting point.
Let’s start by looking at the central band. First the effect on households.
I have not shown the projections for 2030, as these are little more than guesswork. The key numbers are:-
1) The various green levies will add £188 to household dual bills…
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