Showing posts from October, 2013

Green Taxes or greedy power companies?

Subsidies for environmentally friendly power sources are regularly maligned as leading to higher prices for customers - but what's the truth? DEREK WALL takes a look The CEOs of Europe's 10 largest energy companies met earlier this year at the Brussels museum of Rene Magritte to lobby the European Union on energy matters.
Magritte was, of course, a surrealist well known for his paintings of umbrellas raining upon us.
Given the surreal policy objectives of the group, which wants to slash funding for renewables, the venue might seem appropriate.
Yet hardly a day goes by without an attack on renewable energy in the British media.
With electricity and gas bills climbing, the energy sector is keen to blame "green taxes" for rising energy bills, while suggesting that environmental energy will lead to the lights going out.
In Con-Dem Britain, where wages are often falling compared to inflation,…