Ofgem predicts 60% energy price rise

9 Oct 2009

Today Ofgem, the Office of Gas and Electricity Markets, predicted energy price rises of up to 60% by 2020. They published a consultation document showing four possible scenarios for the next 10-15 years.  http://tinyurl.com/ykzs93y They pointed out that many of our power stations are worn out and will have to be closed during that time; that we will have to buy more and more gas to generate electricity, and buy it from abroad as the…

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