The bank's analysis (Credit Suisse) showed wholesale prices, which form the backbone of
energy bills, would top those in Germany by 85pc in 2016-17 and would be higher
in general for the next seven to 10 years.
The bank blamed the roughly fivefold rise in the government's new tax on
carbon-dioxide emitting power generation over the next seven years, while also
pointing to Britain's lack of infrastructure to import power from the European
mainland. Telegraph.
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