Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

DECC reassures renewables investors

The Department of Energy and Climate Change has confirmed that the government’s green levies review will not affect schemes including the Renewables Obligation, Feed-in Tariff and Contracts for Difference.

The DECC said: “The government is looking at how to get people’s energy bills as low as possible to help hard-pressed families.

“We’ve already increased competition, brought new players in to the market to offer consumers real choice and the most vulnerable are getting direct help with their bills this winter. We’ll continue this work to make sure consumers are getting a good deal.

“No one is talking about changing investment incentives for renewables, such as the Renewables Obligation, Contracts for Difference and Feed-in tariffs, which are essential for investor confidence in the renewables sector and our commitments to a low-carbon economy.

“Between now and 2020, the support we give to low carbon electricity will increase year-on-year to £7.6bn – a tripling of the support for renewable energy.”

STA CEO Paul Barwell said: “Credit to the energy secretary Ed Davey’s office for being very quick to reassure us that investment in renewables is safe.

“We were able to pass on assurances to our members. While the public political wrangles have been frustrating, some of the media reporting has been inaccurate - and inaccurate reporting can create real damage for investors.

“We hope it is now crystal clear that investment in renewables, including solar, is secure.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.