Energy-intensive companies will see energy bills soar by as much as £5 million a year due to carbon taxes and support for nuclear and renewable energy, according to a study by DECC.  Medium-sized companies face an average rise of around 22%.

The UK government is attempting to drive up renewables and nuclear power in order to meet the U.K.’s targets to cut greenhouse gases  by at the very least 34% by 2020 from the levels it reached in the 1990’s.The government is also trying to gain a share of the 3.3 trillion-pound global market for clean energy, not a simple task but one that is achievable through work and possible incentives and will help to curb emissions and the inevitable energy price increases. Read the rest of this entry »