In 2010, the Coalition Govt decided to go big on promoting renewables. It put in place two major schemes to subsidise it - Renewables Obligations and Feed-in-Tariffs (for small scale dev'ts). A generous budget was granted, paid for by energy users. This budget (or Levy Control Framework) was to protect consumers - set at what was thought a very generous £7.6bn up to 2020/21. The OBR claim that £9.1bn is already committed. Amber Rudd, has an office with a big desk and an empty cupboard. Wasn't difficult to see coming. Irresponsible is understatement.
Now we are faced with potential massive disruption of all the technologies dependent on Feed-in-Tariffs. Huge reduction in subsidy levels are proposed, until scheme is ended in 2018/19. A cap of £75m-£100m is being put on the FiTs total over those three yrs. Daresay that much has been spent on the idiotic proposals to cover mid Wales in wind farms. And if it looks as if this cap is too small, (which it will be) the scheme be completely ended in January. I was quite shocked to read the consultation document, even it was giving voice to the warnings of some of us over recent years.
Its not good news in those areas where new businesses have developed to supply the renewables sector. Parts of my constituency, Montgomeryshire will inevitably see loss of business and jobs. I've always been a fan of PV solar in particular, which is now to suffer a major setback. Grieves me to think of all the money committed to wind farms. I'm bound to be criticised, despite all of my warnings of what would happen - the inevitable collision when DECC ran into the buffers of financial reality.