With ministers expected to annouce a go-ahead for Cuadrilla today, the green movement is in overdrive, wailing and gnashing their teeth. Fiona Harvey gets her retaliation in first:
But the Committee on Climate Change found that bills would only be £100 higher than today's average dual fuel bill of about £1,300, if the country concentrated on renewable power generation, such as wind power.
The CCC estimates use the DECC assumption that wholesale gas prices will rise by 27% and that gas will continue to be loaded with extra costs. Given that Poyry are now saying that exploiting the Bowland Shale alone will reduce gas prices by 2-4% (a figure that is likely to be on the low side), I would say Ms Harvey is a bit behind the times.
Ed Davey's statement is here. It is important to note that the government has authorised exploration, not production.