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UK govt incentives for nuclear, coal gas – work against renewable energy development

Dave Toke’s Blog 20th Oct 2018 UK Renewable trade associations are fighting for the survival of the renewable industry against an onslaught led by the Treasury. If the Treasury gets its way almost all future development for renewable energy in the UK will be stopped.
Continued incentives and tax breaks for nuclear power, shale gas and conventional power stations will, however, remain in place.
The Treasury is pushing for:
a) An end to the policy of issuing CfDs as part of the scheduled review of electricity market reform which takes place next year.
b) The ending of all incentives to solar pv, including for solar power exported to the electricity distribution system.
c) The ending of the carbon price floor which makes fossil fuel more expensive and non-fossil sources relatively cheaper.
http://realfeed-intariffs.blogspot.com/2018/10/renewables-lobbies-fight-to-stave-off.html

October 22, 2018 - Posted by | ENERGY, UK

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