Shifting to low-carbon electricity isn’t cheap. In 2016 the Committee on Climate Change predicted that ‘meeting the fifth carbon budget’ could add around £95 to the annual bill as the increased wholesale costs get passed onto customers.
When you think about the upgrades needed to the network to be able to store energy such as batteries, and the initially high price these come at it makes sense that the costs go up.
And while it’s inevitable that these costs will come down and start paying back the investment, should the consumer have to pay towards the overheads?
We should all be doing our bit to move to clean, decarbonised energy but many of us already make great efforts to do this - like being with a green energy supplier or our taxes going towards government projects. Could we see more from private investment?