Fury as Ed Miliband's mad dash towards Net Zero will slap an extra £104 onto YOUR energy bills
COST OF ECO ED Fury as Ed Miliband's mad dash towards Net Zero will slap an extra £104 onto YOUR energy bills
ED Miliband's Net Zero crusade will slap an extra £104 on to household energy bills by 2030.
Energy regulator Ofgem yesterday gave the green light to plough £24billion into making the country's power networks greener.
It is part of an £80billion five-year scheme to overhaul electricity infrastructure, ensuring the grid is equipped to meet Net Zero demands.
Taxpayers will foot the bill for 80 projects, which include boosting the number of power lines, cables and green tech.
Ofgem said the splurge marks the biggest expansion of the grid since the 1960s.
But the extra cost comes despite Energy Secretary Mr Miliband promising before the Election that he would cut bills by £300.
Shadow Energy Secretary Claire Coutinho said: 'This reveals the true cost of Red Ed's plans — bills going up for families to pay for the massive expansion in the grid needed just to meet his Net Zero targets.'
Ofgem chief Jonathan Brearley insisted ministers had 'no option' but to invest in 'critical national infrastructure'.
He said: 'The sooner we build the network we need, and invest to strengthen our resilience, the lower the cost for bill payers will be in the future.
'However, this can't be done at any price, which is why we have built in cost controls and negotiated a fair deal for both investors and consumers.'
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