The extra levy for hydrogen could add £118 to annual household bills, a 10 percent increase on dual fuel bills under the government’s net zero plans, according to analysis.
A report from the centre-right think tank Onward published on Thursday claims that the levy to pay support for hydrogen production would raise energy bills by around £118 per year for the average dual-fuel household.
Funding the new hydrogen industry is seen as key to the UK’s plan to decarbonise all sectors of the economy, a target which has been signed into law, by 2050.
Onward said that this kind of funding investment would “be bad for business, raise household energy bills, and risk long-term investment by undermining support for net zero.”…