U.K. Energy Laws May Raise Company Bills 20% in 2020, Huhne Says
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U.K. energy policies may raise power and gas bills for the heaviest corporate consumers by as much as 20 percent by 2020 as the government promotes measures to curb polluting emissions, Energy Secretary Chris Huhne said.
Efforts to boost renewable power and put a price on carbon will increase energy bills for the biggest users, Huhne told Parliament today. Depending on a company’s energy mix, annual charges are projected to rise to as much as 20.9 million pounds ($32.4 million) from 17.5 million pounds, according to a document from Huhne’s Department of Energy and Climate Change.