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Bills to rise to pay for energy upgrade

Energy bills are set to rise by an average of £12 a year to pay for a £24bn upgrade of Britain's gas and electricity networks, the regulator Ofgem has announced.

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Davey insists UK will meet renewable energy targets

Energy Secretary Ed Davey believes the spending level for low-carbon power subsidies will allow the UK to meet goals to supply 30% of electricity from renewables by 2020.

Davey also believes that the Bill will fund other low-carbon technology including nuclear and fossil fuel power plants where emissions are captured and stored.

There's a real challenge in this decade because we're going to see lots of power stations coming to the end of their life.

Coal power stations are closing down and nuclear power stations are closing down, so we've got to have a lot more new generation capacity coming on.

Nearly 20% needs to be replaced so we need to make sure the electricity market provides the incentives for people to invest.

– Energy Secretary Ed Davey

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