Such an overshoot would also cause a breach of the Treasury’s “Levy Control Framework” that caps the cost to consumers of subsidizing renewable generators.2 It is clear from DECC’s data that generous subsidies have overheated the renewable electricity sector, resulting in very significant oversupply relative to the. [...] It is very likely that those awaiting construction will actually be built, with many projects aiming to register under the Renewables Obligation before 2017 when the system closes to new entrants and projects must register under the less generous Feed- ‐ in Tariff with Contracts for Difference (FiTs CfDs). [...] Therefore, the capacity potentially 2 The National Audit Office study of the LCF is a useful starting point, with detailed references: ‐content/uploads/2013/11/10303- ‐001- ‐Levy- ‐ Control- ‐Framework.pdf . [...] Wind Wind Project Status Biomass Hydro Solar Tidal Waste Offshore Onshore Total Operational (GW) 3.0 0.4 1.1 0.0 0.5 3.7 7.3 16.1 Under Construction (GW) 0.3 0.01 0.6 - ‐ 0.5 1.4 1.5 4.3 Awaiting Construction (GW) 2.9 0.1 1.5 0.1 0.9 4.3 5.1 15.0 Total Consented Capacity (GW) 6.2 0.5 3.2. [...] We are also aware from planning data obtained from local authorities in some areas, mostly in Scotland, that the REPD under- ‐reports planning applications even in those REF Information Note: REPD Analysis 05.05.14 4/4 areas which it endeavours to cover.
Authors
- Pages
- 4
- Published in
- United Kingdom