£9.5 Billion Levy on Carbon Capture and Storage Incentive
All friends of the earth will be pleased to hear that Britain is going ahead with plans to build a new generation of clean coal power stations across the United Kingdom. The downside however is the news that the British public will once again be the ones forking out for it.
The new technology is pretty clever. The new coal fired power stations will simply take the carbon dioxide from the burning coal and store it underground. Ok, I am sure it is not as easy as I make out but this new ground breaking technology will became one of our main projects in the fight against climate change and global warming.
There will be a new Energy Bill passed through parliament to pay for the new clean coal fired power stations. First estimates of the levy are in the region of £9.5 billion. At first this levy will be handed down to the electricity suppliers but this will likely be passed onto the end customer.
Consumers who already pay extra on their energy bills to help fund renewable or green energy, like wind farms and such will not be too pleased to hear that the end bill will be passed onto them while these companies post year on year profits that go into the hundreds of millions of pounds.
Estimates per household for the carbon capture and storage incentive look to be in the region of 2-3 per cent adding an extra £17 onto the average household bill per annum.
Great news in the 



