Wind subsidies to be cut by 10%

adminBusiness Electricity, Energy Efficiency, Utilities Market Regulation, Wholesale Utilities Markets

Wind subsidy reduction hailed by Department of Energy and Climate Change Secretary Ed Davey as a “victory”.

Farm Windmills

The government wanted to reduce it to 75% of current levels, but it has now been agreed that it will be reduced to only 90% of the current subsidy.

The coalition announced its plans for the future of Britain’s energy security in its draft energy bill, released earlier this year.

A mixture of nuclear, gas, coal and renewables are to ensure the lights stay on in Britain, while also trying to reach the target of reducing carbon emissions by 80% by the year 2050 – something many commentators are now saying is impossible without the economy grinding to a complete halt.

Christopher Booker says that the government are hinting that they are going to break their own law regarding carbon emissions.

On Friday it was reported that orders for wind turbines fell by around a third in the first half of 2012.

It certainly has been a year of change in the energy sector, and that looks likely to continue, with Shale Gas being given the go-ahead in recent weeks and the possibility of the CRC Energy Efficiency Scheme being scrapped later in the year.