2010 Estimated impacts of energy and climate change policies on energy prices and bills report
The report indicates that energy bills for medium-sized non-domestic businesses will increase by approximately 24% and 43% for gas and electricity respectively as a result of climate change and energy policies. However the report also acknowledges that the impact will have other costs and benefits outside their electricity and gas bills. A number of policies such as Carbon Reduction Commitment (CRC) and Climate Change Agreements (CCA) have been used in assessing the impact.A summary of the estimated impact of energy and climate change policies on average non-domestic retail gas and electricity prices and an average medium-sized non-domestic user’s energy bill is presented below.
The full report can be downloaded at Impact of Climate change and energy policies.
|Price impacts (real 2009 £/MWh and % change)|
|Increase in gas prices due to policies||2 (6%)||3 (10%)||7 (24%|
|Increase in electricity price due topolicies||15 (20%)||23 (28%)||37 (43%)|
|Energy bill (gas + electricity) impacts (real 2009 £000s and % change)|
|Estimated average energy bill withoutpolicies||£1,217||£1,327||£1,410|
|Estimated average energy bill withpolicies||£1,392||£1,477||£1,778|
|Impact of policies on energy bill||£175(14%)||£150(11%)||£368(26%)|
Numbers may not add up due to rounding0