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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (158803)10/21/2011 11:55:19 PM
From: ChanceIs  Read Replies (1) of 206164
 
Soaring prices push Queen close to ‘fuel poverty’

>>>Tell me good sir. What will be the choice? Lights out in Buckingham Palace or Carbon Capture and Storage.??<<<

By David Blair, Energy Correspondent



The Queen is coming perilously close to joining millions of her subjects in “fuel poverty” as energy bills for four palaces and a draughty castle absorb a rising share of her income.

About 4m households in England have fallen into fuel poverty, a situation in which a homeowner must spend 10 per cent of their annual income to keep their abode acceptably warm.

The royal household is aware of its predicament. Signs in Buckingham Palace headlined FUEL ECONOMY sternly warn: “The attention is drawn of all members of staff to the need to switch off unwanted lights. By Order of The Master of The Household.”

The Queen herself prowls the corridors, switching off superfluous lights, a Buckingham Palace employee said.

Royal accounts show the Queen’s electricity and gas bill was £2.2m in 2010-11, or 6.9 per cent of the monarchy’s total income from the government.

The Queen’s government has since frozen her income, while average energy bills have risen 20 per cent. Assuming constant fuel consumption, the bill for the palaces would climb to £2.6m this financial year, or 8.2 per cent of the Queen’s income. That suggests that just one further round of energy price rises would push Her Majesty over the 10 per cent threshold and into fuel poverty.

The government is obliged to eradicate fuel poverty by 2016. But it may be spared worrying about the royal household if it adopts a new definition that strips out rich households by calculating whether fuel costs push income below the poverty line of £12,700 – a level the Queen remains comfortably above.

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