Sudden cuts to UK renewables subsidies have spooked investors and could lead to higher energy bills, MPs say.

Ministers said they needed to cut subsidies to force bills as low as possible.

But the Energy and Climate Change Committee says the government's sudden policy shifts on energy have hit investors' confidence.

It warns lenders may respond by putting a risk premium on future investments in clean energy.

This in turn may lead, perversely, to bills increasing not decreasing in the long run.

Angus MacNeil, committee chair, said: "Billions of pounds are needed to replace ageing energy infrastructure, maintain secure energy supplies and meet climate change targets. "The government made a number of sudden and unexpected changes to policy. This has spooked investors.

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