Thursday, 16 June 2011

ScottishPower says price hikes needed to fuel £15bn investment

ENERGY giant ScottishPower has mounted another defence of its steep price rises, saying it will have to spend £15 billion over the next nine years to help the UK government meet its "ambitious" carbon reduction targets.

The firm, which came under attack after hiking bills by as much as 19 per cent, said it would be investing heavily in a number of clean energy projects between now and 2020.

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