Articles filed under Taxes & Subsidies from Europe
Spain, the U.K., Italy and others have cut incentives for renewable-energy projects, citing efforts to reduce government spending and electricity rates during a period of economic turmoil. In turn, the number of new projects receiving approval has fallen as investors turn away from an industry that offered the assurance of steady, government-backed profits.
Strong wind conditions in the early hours of Monday and Tuesday morning threatened to overwhelm the grid with more subsidised power than needed, forcing National Grid to offer lucrative payouts of between £58 and £115 per MWh to turn the turbines off.
Any visitor to our picturesque countryside around Yorkshire can see for themselves that we have taken more than our fair share of wind turbines. I have first-hand experience of fighting plans for entirely inappropriate wind farms around York. Every single time it was the developers who were trying to impose their turbines on local communities who simply did not want them.
The Government’s original Energy Bill set out provisions to get rid of the subsidies from April of this year - a year earlier than planned. However, that element of the proposed legislation was successfully scrapped by peers. But introducing the Bill for its second reading in the House of Commons, the Energy Secretary said it will be put back in.
UK onshore wind farm projects worth £1bn have now been scrapped or put on hold by RWE Innogy following recent policy changes, the German energy giant has disclosed.
After a series of constitutional rows, the tensions between the government and the upper chamber will reach a new flashpoint as the energy secretary, Amber Rudd, presses ahead with a scheme to end subsidies for new onshore windfarms.
Mr Cameron said subsidies for renewable energy had to be limited because they put up fuel bills. He said: “Every single subsidy that is given to these technologies is extra money that we put on to people’s bills, making their energy more expensive.
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.