Renewables industry dismayed at ‘handbrake turn’ on policy

Renewables industry dismayed at ‘handbrake turn’ on policy

Renewable energy companies have reacted with dismay to what it described as the Government’s “handbrake turn” on support for the industry.

The Department of Energy & Climate Change (DECC) has unveiled a series of sweeping measures including:

– an end to guaranteed subsidy levels for biomass and co-firing projects in England and Wales;

– a consultation on plans to end Renewables Obligation (RO) subsidies for small solar projects under 5MW throughout Great Britain;

– a consultation on removing pre-accreditation and its fixed prices from the Feed-In Tariff scheme (FiT), which would affect solar, wind, hydro and anaerobic digestion projects throughout all of Great Britain;

– an announcement in the autumn over further Contracts for Difference (CfDs) allocation rounds.

Energy Secretary Amber Rudd said: “My priorities are clear. We need to keep bills as low as possible for hardworking families and businesses while reducing our emissions in the most cost-effective way.

“Our support has driven down the cost of renewable energy significantly. As costs continue to fall it becomes easier for parts of the renewables industry to survive without subsidies. We’re taking action to protect consumers, whilst protecting existing investment”.

‘Totally in the dark’

Maria McCaffery, Chief Executive at trade body RenewableUK, said: “This announcement is yet another hand brake turn on energy policy. It will cause dismay in Britain’s medium-scale wind energy sector.

“Removing certainty will worry energy investors and can only increase the cost of developing renewable projects. Government knows this, but is pressing ahead regardless.”

 

Source: Smartest Energy

Date: August 2015

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