Reeves' cut in energy bills will be nuked by Sizewell costs, ex-Labour donor claims
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Reeves' cut in energy bills will be nuked by Sizewell costs, ex-Labour donor claims
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Rachel Reeves' pledge to take 150 off household energy bills could be wiped out because of the costs of nuclear energy, hidden green levies and new levies being introduced by the energy regulator, it has been claimed. In her Budget last week, the chancellor promised to take 150 off household bills by scrapping the Energy Company Obligation (ECO) scheme. During the election, Labour had promised to decrease bills by 300 through investment in green energy"
The Independent solicits donations to fund on-the-ground reporting and to keep journalism free of paywalls so reporting remains available to all. Donations enable journalists to cover competing perspectives on issues including reproductive rights, climate change and Big Tech. Chancellor Rachel Reeves pledged a £150 cut to household energy bills by scrapping the Energy Company Obligation (ECO) scheme. Former Labour donor Dale Vince warned that paying for nuclear capacity, including a £1bn first-year cost and ongoing nuclear expenses, could largely wipe out that saving. Ofgem plans would raise levies funding pipelines and the high-voltage grid by about 40%, from £222 to £338 a year.
Read at www.independent.co.uk
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