Budget 2017: No subsidies for green energy until 2025

Renewable energy project developers have been dealt a huge blow as the government said there will be no new subsidies until 2025. The budget for support schemes, such as Contracts for Difference (CfDs), has so far been set through the Levy Control Framework (LCF) and since the Spring Budget announcement to end the LCF, the […]

Government ‘significantly underestimated’ cost of green energy schemes

Consumers could be hit with higher bills as the government has “significantly underestimated” the cost of publicly-funded energy schemes. The Public Accounts Committee (PAC) looked at the Levy Control Framework (LCF), which is intended to help control the costs of three government schemes – Renewables Obligation (RO), Feed-in Tariffs and Contracts for Difference – to […]

Renewable subsidies ‘to add more to energy bills than planned’

Consumers will see an increase in household energy bills at the end of the decade as a result of the government exceeding its subsidies cap set for low carbon generation. According to the National Audit Office (NAO), the government initially set a cap on the Levy Control Framework (LCF) of £7.6 billion for 2020/21 but […]