First Capacity Market auction guarantees security of supply at low cost
Ed Davey, Secretary of State for Energy and Climate Change, said:
… ‘This is fantastic news for bill-payers and businesses. We are guaranteeing security at the lowest cost for consumers. We’ve done this by ensuring that we get the best out of our existing power stations and unlocking new investment in flexible plant.’ …
… Our best estimate for the average annual net on domestic electricity bills over the period 2016 to 2030 remains an estimated £2 (in 2012 prices). This is equivalent to a 0.3% average increase in domestic bills.”
Mr Cohen if EDDC apparently believes that a more accurate figure is 10% increase year by year.
East Devon Watch 