Energy Prices Issue is a Self-Defeating Cycle

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Whilst the focus on commercial Energy companies and price rises has been very much a British issue these last few weeks as three of the big six revealed plans to push up the cost of their tariffs, new research from Reuters has revealed that it is a similar story across Europe.Pressure from the European Union has seen legally-binding targets placed on it’s member states to commit to a certain percentage of renewable energy production by 2020. However, as much as many countries would like to be producing cleaner, cheaper energy – the initial outlay to commit to building wind farms and solar powered facilities is proving too much to bear.

via Energy Prices Issue is a Self-Defeating Cycle.

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