The UK government has set it’s cards on the table by announcing proposals to support renewable electricity and bring forward a surge of investment in the UK energy infrastructure.
The consultation proposes new support levels for large scale renewable electricity from 2013-17 (2014-17 for offshore wind) under the Renewables Obligation (RO). As a result of these proposals, they expect to see 70-75 TWh of renewable electricity in the UK by 2017. This is 70% of the way towards the 108TWh of electricity needed to meet the UK’s 2020 renewable energy target.
The proposals are expected to cost between £0.4 and £1.3bn less than retaining current bandings and drive a higher level of deployment than leaving bandings as they are. The announcement claims “The proposals also provide industry with the certainty needed to make investment decisions and will overall mean a lower impact on consumer bills, without reducing our level of ambition.”
Full press release and banding table on DECC website.
