Switch of energy supplier may still be best way to save cash on power bills

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British households may still find a switch of energy supplier is their best route to saving cash on home power bills, as the arrival of green fuel is predicted to remain some way off.

John Barwise, chairman of the Cumbria Green Business Forum (CGBF), says the UK will require £10 billion of funding to drive the renewable energy sector, rather than the £1 billion that has been pledged by the government so far.

The cash will go towards setting up a Green Investment Bank that should help homeowners make the switch to eco-friendly power.

Mr Barwise states: "The Green Investment Bank offers the opportunity to develop a renewable manufacturing base to develop our own fuels and markets, and also to other initiatives that will support our green economy."

Climate secretary Chris Huhne recently suggested the plan may have to be scaled back, despite being one of chancellor George Osborne's big environmental promises.

Posted by Jim Tidy

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