British taxpayers to subsidise French energy bills as 'wasteful' rules mean £16bn sold off for cheap overseas

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British taxpayers to subsidise French energy bills as 'wasteful' rules mean £16bn sold off for cheap overseas.

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British taxpayers are set to subsidise French energy bills as "wasteful" rules mean an eyewatering £16billion is being sold off for cheap overseas.Octopus Energy, which is the UK's largest gas and electricity company, warned the ongoing issue would come at a massive expense from 2030 until 2050.The energy experts added the cost would work out to an average of a staggering £770million a year.But the current estimates could skyrocket if Sir Keir Starmer is successful in his bid to unite the UK's electricity market with the European Union's.

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TRENDING Stories Videos Your Say The next UK-EU "reset" summit is due to take place on July 22 which Sir Keir hailed as an opportunity to "put Britain in the heart of Europe".When excessive power is generated in Britain, which happens particularly around Scotland and the North of England, foreign governments are able to take advantage and buy up the cheaper energy.As it costs too much to ferry the energy across the country and then over the Channel,...

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