Library filed under Taxes & Subsidies from Europe
In its sentence handed down on December 17, the Constitutional Court dismissed arguments by the Murcia regional government, which was challenging parts of the 2013 government legislation, which adopted urgent measures to guarantee the financial stability of Spain’s power industry.
“I think the criticism is over the top,” Lars Christian Lilleholt, Denmark’s energy minister, told the Politiken newspaper last month. He said the country still planned to invest 800 million krone, or $114 million, in green energy research in the coming year. “There is less money, but it is still a lot. And I sit in a government that must find a way for the Danish economy to make ends meet.”
He said the move would lower customer bills, saving an average of £30 a year for 24m households. But it is also the latest sign that he is prioritising affordability over attempts to cut emissions. ...The decision to cut the scheme, known as the “energy company obligation”, was one of a series of measures announced by the chancellor aimed at reducing the costs of the government’s renewable energy schemes.
Wind and solar farms will be forced to pay for the extra costs they impose on the UK’s electricity system as a result of their intermittent nature, Amber Rudd, the energy secretary has announced. Renewable generators will be held "responsible for the pressures they add to the system when the wind does not blow or the sun does not shine".
Britain will no longer pursue green energy at all costs and will instead make keeping the lights on the top priority, Amber Rudd, the energy secretary, will vow this week. Households already face paying over-the-odds for energy for years to come as a result of expensive subsidies handed out to wind and solar farms by her Labour and Lib Dem predecessors, Ms Rudd will warn.
Energy companies have warned that subsidy cuts will prevent them from replacing old wind farms as almost 1,000 turbines approach the end of their lives over the next decade.
The green energy transition is becoming ever more expensive for consumers. By the end of 2016 an average household will incur additional charges of approximately 540 euros. This is evident from calculations by the Institute of the German Economy in Cologne (IW Köln) seen by Welt am Sonntag.
It means that those trying to build schemes such as small-scale hydros or small wind turbines, only have a few weeks to attract investors before they lose out on the promise of 50 per cent or 30 per cent tax relief on their stake.
The bill will return to the House of Commons, where the government is likely to reinsert the clause, Clark predicted. However, Ministers may have to include a number of concessions relating to the grace period conditions and planning permission to ensure it passes in the House of Lords at the next reading.
A surcharge levied on German consumers to support renewable power will rise 3 percent next year, despite government efforts to scale back support for green power, a statement from the country's network operators (TSOs) showed on Thursday. ...A household using 3,500 kWh per year would have to pay 222.39 euros towards the EEG alone in 2016, 3 percent more than this year, retail portal Toptarif said.
But despite industry outcry at the changes, official impact assessments reveal most of these turbines were not expected to get built in time for the original 2017 closure of the scheme anyway. Just 200 megawatts – about 80 turbines or fewer – have actually been blocked as a result of the early closure, the Department of Energy and Climate Change estimates.
In the UK this August, two massive offshore wind developments were thrown into tumult. ...The Crown Estate plans to have at least 10 GW of offshore wind capacity in the water by 2020. Industry observers aren’t as optimistic, pointing out that the UK’s new Conservative government has announced plans to end its renewables obligation support for onshore wind by April 2016
The current subsidy system for on-shore wind energy in Northern Ireland is set to end next April, a year earlier than planned. ...However, he said that changes in UK policy now mean that keeping it until 2017 would impose extra costs on consumers.
They are asking for a legal instrument to provide investment protection against sudden subsidy cuts. The commission's financial department is currently considering setting up an arbitration mechanism for resolving investment disputes at EU-level. This would replace bilateral investment protection treaties struck mainly between EU members and then candidate countries in central and eastern Europe in the 1990s.
Another wind farm planned on Bassetlaw land has bitten the dust after the Government pulled a subsidy scheme from under developers. Plans for six turbines on land near Saundby that many residents feared would over-industrialise the Trentside landscape have now been shelved.
Householders planning to install solar panels will receive 87pc less in subsidy payments as ministers attempt to halt a £1.5bn overspend on renewable energy. The Government consultation published today follows the recent axing of a £540 million taxpayer-funded scheme, the Green Deal, which gave out loans and cash for energy-efficient home improvements.
Lights could be dimmed and kettles take longer to boil under a future National Grid reliant on wind powered technology. Trials have been held in the North-West of England, which has seen the voltage to homes turned down at periods when the breeze dies down.
To put an end to the often unexpected power flows from Germany — so-called loop flows — the countries are taking the matter into their own hands. Concerned about the stability of their own grids, additional costs and the ability to export their own power, the Czechs, for example, are installing devices to block the power from 2016 onwards.
Sardinian prosecutor Mauro Mura warned last year of mafia infiltration in the sector, flagging up instances of renewable energy plants which had profited hugely from subsidies open exclusively to farmers, while "not producing any agricultural goods at all".
The danger for investors is that the Green Investment Bank could lose any political advantages it may have once the government has sold out—leaving them open to the same political whims on subsidies and planning as everyone else.