Articles filed under Taxes & Subsidies from Europe

Wind industry makes last-ditch effort to save subsidies

The plans, expected to be unveiled within days, are designed to implement the Conservatives’ manifesto pledge to end any new public subsidy for onshore wind farms. The wind industry on Sunday stepped up last-ditch lobbying to try to save the subsidies, insisting onshore wind was the cheapest green energy option and popular with the public.
1 Jun 2015

Tory victory a huge blow to UK green energy industry, campaigners warn

The new Government says it is committed to long-term and legally binding goals to cut carbon emissions. However, it has consistently emphasised the key role it expects improvements in energy efficiency – as opposed to green energy – to play in hitting those targets. It has also insisted that renewable power – which remains more expensive than fossil-fuel power – must be “cost-effective”.
10 May 2015

German utilities bail out electric grid at wind’s mercy

Twenty power companies including Germany’s biggest utilities, EON SE and RWE AG, now get fees for pledging to add or cut electricity within seconds to keep the power system stable, double the number in September, according to data from the nation’s four grid operators. Utilities that sign up to the 800 million-euro ($1.1 billion) balancing market can be paid as much as 400 times wholesale electricity prices, the data show.
25 Jul 2014

UK awarded too much in renewable energy subsidies - NAO

Britain's energy ministry awarded too much in subsidies to eight renewable energy projects in April - 16.6 billion pounds in total - meaning that consumers will pay over the odds for the electricity the projects produce, a parliamentary watchdog said. The report, by the National Audit Office (NAO), comes amid mounting pressure on politicians to try to keep energy bills down.
27 Jun 2014
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