Articles filed under Taxes & Subsidies from UK
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
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.
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.
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.
“We can’t have a situation where industry has a blank check, and that check is paid for by people’s bills”
Government announcement on the future of customer-funded subsidies for wind farms and solar power expected within days, as ministers seek to rein in soaring costs
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.
In his July report on the state of the Scottish economy the Inverness-based economist said that the subsidies received by wind farms has on average been "between 2.5 and 3 times what was required to expand wind farm capacity to meet Scottish Government [emissions] targets".
George Osborne to abolish coalition's green tax target as customers face paying £1.5billion more through their bills to subsidise wind farms, solar panels and biomas plants
Ms Rudd, who has also announced plans to give local communities the final say over windfarms, said: “We are reaching the limits of what is affordable, and what the public is prepared to accept.”
The U.K. Department of Energy and Climate Change said it would end the Renewables Obligation subsidy programs for new onshore wind farms from April 1, 2016. Earlier plans envisaged ending the subsidies in 2017.
Subsidies for new wind farms should be scrapped as rural parts of the country have "had enough" of developments, the Scottish Conservatives have said.
Conservative proposals to axe onshore wind farm subsidies are being delayed amid fears they will trigger a costly legal battle with green energy companies and a damaging dispute with the Scottish Government.
The Department of Energy and Climate Change (DECC) is expected to announce measures to deliver on the Conservatives' manifesto pledge to ''end any new public subsidy'' for onshore wind farms.
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.
There is speculation that Renewables Obligation Certificates (ROCs) for onshore wind could be ended a year before the scheduled 2017 closure, additional restrictions could be placed on Contracts for Difference and Feed-in Tariffs could be cut or removed entirely.
She said the new UK Government should not change the public funding for onshore wind schemes “without agreement from Scottish ministers” after the Tory election manifesto promised to curb the spread of turbines by stopping any new subsidy.