Millions of families face higher energy bills because of a “shocking” catalogue of errors made by the Government when it awarded contracts for expensive offshore wind farms, MPs will disclose today.Continue reading.
Consumers could see bills rise in the coming years after “generous” deals worth £17 billion were agreed with energy firms delivering wind-generated power to homes, a report by the Public Accounts Committee (PAC) has warned.
Under a scheme agreed by Labour leader Ed Miliband during the last Labour government, but implemented by Coalition ministers, the contracts guarantee that the power firms will be paid even if they fail to deliver energy to households.
Labour MP Margaret Hodge, who chairs the PAC, described the contracts as a “licence for the private sector to print money at the expense of hard-pressed consumers”. The warning on energy price hikes comes as temperatures across the UK are set to plummet in the coming days.
The Met Office has issued warnings of ice and severe cold weather, with snowfall predicted across central, northern and south-east England as well as parts of Wales and Scotland.
Monday, January 14, 2013
At Telegraph UK, "Wind farm contracts to increase energy bills for families":