October 12, 2011
One in four households will be driven into fuel poverty if the Government pursues controversial green energy targets, ministers have been warned.
‘Radical policy change’ may be necessary to protect millions of struggling families from biggest household price shock since the 1970s, according to City analysts.
The warning comes as middle-income homes are already suffering an ‘unprecedented collapse’ in living standards as inflation and poor wages wipe thousands off incomes.
The Government faces demands to tear up or delay plans to force through a £200billion shift to wind turbines, wave power and new nuclear power stations. Energy industry analyst Martin Brough, of Deutsche Bank, warned that a quarter of households could be driven into fuel poverty by 2015.