ENERGY PRICES TO STAY HIGH, SAY EXPERTS
(Published 6 January 2012)
Two leading figures in the UK energy industry have said that it is "not possible" for energy costs to drop in Britain.
Speaking on Sky News, chief executive of npower, Volker Beckers, said costs cannot be cut because of ever rising-commodity prices.
Mr Beckers said: "Will they (costs) be lower than they are today? That is not possible anymore.
"We see that commodity prices go up and we now reduce our dependence on commodity costs, so our dependence on gas, on coal, on oil, will go down by the day."
Steve Holliday, Chief Executive of National Grid, added: "In any scenario, it is hard to imagine that the costs of our energy are going to be lower than they are today.
"It is not the real world. People should be honest with consumers. Energy costs are going up.
"The challenge for the Government and industry is how to keep those cost increases as low as possible."
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