UK renewable subsidies to cost $11 billion by 2020/2021 -NAO

UK renewable subsidies to cost $11 billion by 2020/2021 -NAO
 

Britain's renewable electricity subsidies are set to cost 8.7 billion pounds ($10.8 billion) a year by 2020/2021, pushing up household energy bills, the National Audit Office said on Tuesday.
The government initially set a cap on the levy control framework (LCF) of 7.6 billion pounds for 2020/2021, but this is now expected to be exceeded by 1.1 billion pounds, the NAO said in a report.
"This is equivalent to 110 pounds on the typical household dual fuel energy bill in 2020, 17 pounds more than if the schemes stayed within the cap," the National Audit Office (NAO) said.
The LCF is... read more

 
18 October 2016 in Business, Views: 58
Source: Reuters
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