`Carbon capture` tax could raise energy costs

Energy Secretary Ed Miliband has said that four new `carbon capture and storage` trials would eventually add 2% to electricity bills in the form of a new tax on electricity suppliers, The Telegraph reports.

The scheme would be aimed at reducing carbon emissions while meeting the UK`s demand for energy, but would mean another rise in the price of electricity.

After last year`s energy price increases, many customers found themselves falling into debt because their direct debit payments had not been adjusted to the new prices, while others simply struggled to afford the additional cost.

A spokesperson for debt management company Gregory Pennington said: "Any rise in the price of energy can be difficult for those already struggling with the cost of living.

"Anyone struggling with debt should speak with a professional debt adviser. The sooner the problem is addressed, the less likely it is that those debts will become unmanageable."

---

Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.