Energy Act Passed by Lords



As the Energy Bill which includes the removal of all onshore subsidies for new wind farm applications moves towards Royal Assent we need to address the next issue. All those existing wind farms that are still getting subsidies and could do for the next twenty five years. Simple remedy comes in two swathes. Reduce the ROCs entitlement from 0.9 per MW output to 0.4 or less halving at a stroke the income from subsidy and then repeal the climate act and reduce or remove the renewable obligation from energy retailers. As ROCs are a traded entity we would then have thousands of ROCs chasing a must smaller obligation, or none at all. This would reduce the value of ROCs to that of monopoly money. At a stroke the subsidy would be valueless and that cost would be removed from consumer and industry bills reducing fuel poverty and increasing the competitivity of…

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