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Energy row deepens amid warning of £900 bill hikes

DAVID Cameron and Alex Salmond have clashed over a warning to energy giants about investing in Scotland as it was claimed Scots could face a hike in their electricity bills of almost £900 a year to pay for the SNP Government's ambitious renewables policy.

WARNING: How The Herald reported the energy story.
WARNING: How The Herald reported the energy story.

A report by leading financial services firm Citigroup urged power companies to rethink investing in Scotland because of the uncertainty surrounding an independence referendum.

It said that if Scots bore the full burden of meeting the SNP Government’s commitment to provide all of Scotland’s electricity from renewables by 2020, the cost would be at least £4 billion a year, noting that “bills for residential consumers could rise by £875 per annum”.