The Treasury is hindering UK green energy policy and creating the risk of higher household bills, say MPs. Originally, the government would guarantee the long-term contracts for developers investing in clean energy, low-carbon infrastructure. However, the Treasury has since ruled that the government will not be the guarantor. "This will result in higher borrowing costs, and make banks less likely to make loans," said Tim Yeo, chairman of the energy and climate change select committee. "It makes no sense."
