In his speech yesterday, chancellor George Osborne said the cost would rise to £30 in the year 2020 and the move would encourage investment in the framework of the nation's energy infrastructure.
However, Mr Beckers disagreed and asserted that there will be a five-year wait before new low carbon generation begins. He added that the Treasury has predicted a rise of £6 per year in home energy bills from 2013, which could increase to £17 in 2016.
Mr Osborne made reassurances that the government would monitor the prices consumers face, following the Ofgem review that was published on Monday (March 21st).
Posted by James Green
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