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New CCC Report: Energy Prices and Bills

UK climate action has reduced emissions without increases in household energy bills,  new analysis by the Committee on Climate Change shows. While measures to deliver a cleaner, low-carbon electricity system added around £9 a month to the typical UK household energy bill in 2016, this was more than offset by a cut of over £20 per month due to reduced energy demand mainly from more efficient lights and appliances.

In 2016, low carbon-policies made up around 9% of an annual ‘dual fuel’ household energy bill of around £1,160. The majority of the typical household bill resulted from wholesale, transmission and distribution costs which are unrelated to the Government’s low-carbon policies to meet UK carbon budgets and contribute to global efforts to tackle climate change.

The report finds that:

  • In 2016, low carbon-policies made up around 9% of an annual ‘dual fuel’ household energy bill of around £1,160.
  • Improvements in energy efficiency have saved the typical UK household around £290 per year since 2008.
  • Some energy-intensive manufacturing sectors face higher costs from climate policies but those deemed most ‘at risk’ are largely compensated for those costs.
  • There is a range of opportunities for UK business arising from the transition to a low-carbon economy.

Read the full report

Energy-Prices-and-Bills-Committee-on-Climate-Change-March-2017

 

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