Articles filed under Taxes & Subsidies from UK

Autumn Statement: Government cuts green schemes

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.
26 Nov 2015

Amber Rudd: end to pursuit of green energy at all costs

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.
15 Nov 2015

Ending wind farm subsidy scheme will save households 30p, Government estimates

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.
9 Oct 2015

Plans for giant UK offshore wind farms reconsidered

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
1 Oct 2015

Rooftop solar panels to lose '£3,840' payout in drastic cull to green subsidies

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.
27 Aug 2015

UK government axes funding for Green Deal

The Green Deal was launched by the previous coalition government to encourage people to borrow money to make the UK’s notoriously draughty homes more energy efficient. ...But take-up has been low amid concerns that the programme was overly complicated and the interest rates charged for loans were too high.
24 Jul 2015

Government faces multi-billion pound black hole in budget to pay for clean energy supplies - which could mean your electricity bill rises

Under the scheme, everyone – from a household who decided to put a solar panel on the roof to the developer of an offshore wind farm – was guaranteed a premium on top of the market price for electricity, to help encourage the development of renewables. ...due to a decline in the wholesale price of oil and gas, as well as higher than expected installation of home solar panels, this budget of £7.6bn per year has already been busted by more than 20 per cent.
16 Jul 2015

http://www.windaction.org/posts?location=UK&p=2&topic=Taxes+%26+Subsidies&type=Article
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