7 Killer Renewable energy development could lead to higher electricity bills, say MPs

Invests in alternative energy funds. 

 "Green" energy production is expected to be a multi-billion (in today's dollars) industry by 2013.

The most recently developed wind-turbine technology has made wind energy that is cheaper and more widespread. More State-of-the-art wind energy technologies are generally more competitive in the market to conventional energy technologies. Wind energy is a growing technology company that would be engaged in an excellent part of a growth or aggressive growth portfolio.

Next to consider are solar cell or photovoltaic cell, technologies. Photovoltaic cells create absolute zero pollution as they are generating electrical energy. However, photovoltaic Cells currently not as cost effective as current "utility produced". "PV" cells are not [capable at present of producing industrial-production amounts of electricity due to existing limitations on space.

Many alternative energy investment portfolio advisors are confident that alternative energies of currents, tides, and temperature differences are derived provide a new and predominant form of clean energy to be. Ocean-produced energy has a huge advantage because the timing of ocean currents and waves are well understood and reliable.

Hydroelectric power is clean, but it is also limited by geography. While already prominent as power generation to have large, older dams have had problems with disturbing marine life.
The reality is, the energy future is green, and investors would do well, their money out wisely, with that advice in their minds.

The development of renewable energy sources could lead to higher electricity bills, say MPs

Government is planning reconstruction of the electricity market could be said of a higher bills, less competition and lead investors deterred, demanded today.

The non-partisan Westminster Committee fears that the shake-up may fail to deliver change and called for "urgent rethink" a Committee of Ministers' proposals.

The draft Energy Bill would be a system of long-term contracts power companies a guaranteed price for low-carbon electricity they produce.

The move will cut the risk of investing in expensive projects with high upfront costs, such as nuclear reactors and offshore wind farms.

But companies are able to build the infrastructure to be put off because the Treasury will not sign new investment in nuclear energy and renewable energy, energy and climate change, warned the Commons Select Committee.

"Nobody wants to see, wrote a blank check from green energy, but the government needs more security to investors exactly how much money may be available."
Ministers hope that reducing the reliance on coal-fired power plants and imported energy and to boost support for renewable sources like wind, wave and solar energy, and carbon capture and storage.

Mr. Yeo said: "The new contracts proposed by the Government not to work for the benefit of consumers in its present form.

"Despite the rising heating costs, excessive dependence on imported gas and a climate crisis, which has gained momentum, the Chancellor has refused to accept that our energy system is broken and wants to build more dirty gas-fired power plants."

Energy Minister Ed Davey said: "The Energy Bill will allow us to make radical changes in the electricity market to deliver the investment climate-friendly, affordable energy.

"We welcome the Committee's report and their recognition of the importance of this Bill.