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Britain Moves to Slash Renewable Energy Subsidies

Britain’s government on Wednesday moved to rein in the spiraling costs of renewable power subsidies which it said threatened to push up household bills.

The plans include closing support for small-scale solar projects a year early, changing the way renewable projects qualify for payments and modifying subsidies for biomass plants.

The proposals come just a month after the government said it would scrap new subsidies for onshore wind farms from April next year.

“We can’t have a situation where industry has a blank cheque and that cheque is paid for by people’s bills,” Energy and Climate Change Secretary Amber Rudd said on BBC radio.

Figures published by the Department of Energy and Climate Change (DECC) show the cost of renewables subsidies could reach 9.1 billion pounds a year by the 2020/21 tax year compared with a proposed budget of 7.6 billion.

Read more at Reuters

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