The renewables lobby said the industry was once again in the government’s firing line this week after Ofgem and the Department for Business, Enegry and Industrial Strategy revealed plans to cut embedded benefits for small generators by a whopping 95%, reducing them from ~£45/kW to as low as £2/kW over a two-year period. Meanwhile the industry took to HM Treasury to protest against another potentially harmful policy change, delivering a 200,000-strong petition against the business rates review as chancellor Philip Hammond prepared his maiden budget. Hammond takes to the despatch box next Wednesday afternoon, and the solar industry in particular will be watching with bated breath.
Renewables ‘in firing line’ with Ofgem’s proposed 95% cut to embedded benefits
Trade associations have warned that small-scale renewables are once again “in the firing line” with proposed reforms to embedded benefits.
200,000-strong solar business rates petition delivered to Treasury as Hammond prepares maiden budget
A petition urging chancellor Philip Hammond to stop the business rates hike on solar installs, signed by more than 200,000 people, has been delivered to HM Treasury this morning.
Ofgem and BEIS aiming for ‘late May, early June’ release for smart power CFE response
Ofgem and the Department for Business, Energy and Industrial Strategy (BEIS) are planning to publish their response to the smart power call for evidence (CFE) in late May or early June, according to the regulator’s Andrew Burgess.
Storage developers branded lazy by investment panel despite lack of funded UK projects
Developers of utility scale energy storage projects have been accused of laziness by a panel of investors, who have argued they are doing their best to build investment cases for new projects despite having yet to commit cash to UK projects.
BEIS select committee ‘trusts’ government to publish carbon plan by end of March
The Business, Energy and Industrial Strategy select committee has said that it expects the government to publish its eagerly anticipated Emissions Reduction Plan by the end of this month, as pledged by climate change and industry minister Nick Hurd.