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Britain needs to increase investment in its power sector four-fold over the next decade to deliver the crucial next step in decarbonising the economy. But promises that electrifying our home heating and driving will lead to lower energy costs have relied on the pre-energy crisis low interest rates world returning, and we need a plan for paying for this investment in case interest rates stay at current high levels, according to new research published on Monday 22 April 2024 by the Resolution Foundation. [Read Full Article] |
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