The cost of green energy initiatives will reach more than £40 billion per year by the end of the decade, a report has revealed.
The total spent on eco policies has risen by six times since 2010, a study said – and the hikes are driving up bills.
Electricity subsidies have risen from £0.5billion in 2010/11 to £11.8billion in 2024/25 and are forecast to reach £14.9billion by 2030/31, it added.
Grid integration costs have increased from £2.8billion to £8billion over the same period and are projected to rise sharply to £25.3billion by 2030/31.
Taken together, these costs have grown six-fold since 2010/11 to £19.8billion
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.