"The next Conservative Government will axe the carbon tax on electricity generation. When Ed Miliband blames gas for high energy bills, what he doesn't tell you is that over 30% of what we pay for gas power is not to pay for fuel, but to pay for a carbon tax that the Government chooses to impose. Now, we know that we'll need gas to keep the lights on for decades, so it just adds extra costs to our bills for no reason."
"We'll scrap Ed Miliband's old rip-off wind farm subsidies. Back in 2008, Ed Miliband in his infinite wisdom chose to double the subsidies on offer for wind farms. That means when the wind blows, there are wind farms getting up to three times the market price of electricity, and you're paying for that through your bills. It's the biggest racket going."
"We closed the scheme when we were in office, but we'll go further and say we must scrap those subsidies for good. Our energy system is not here to prop up the profits of multimillion-pound wind developers at billpayers' expense. It's here to deliver cheap, reliable energy for the country. Together, our policies to axe the carbon tax and scrap Ed's rip-off wind subsidies would cut people's electricity bills by 20%. The average family will save £165"
The Conservative Party pledges to cut energy bills by 20% through abolishing the carbon tax on electricity generation and ending wind farm subsidies. The plan claims axing the carbon tax would reduce bills by almost £8 billion a year. The policy asserts that over 30% of gas power costs reflect a government-imposed carbon tax rather than fuel costs, inflating prices across other electricity types. The proposals contend that wind farms sometimes receive up to three times the market price for electricity and that removing subsidies will prevent wind developers from pocketing higher profits. The average family will save £165 annually.
Read at London Business News | Londonlovesbusiness.com
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