Solar subsidies slashed and CfD allocations announced
On 13 May, the Department of Energy & Climate Change (DECC) published four documents giving more detail of how the financial support that the government gives to renewable energy schemes will work going forward.
The most controversial proposal relates to cutting the subsidies for standalone solar PV (also known as ‘solar farms’). Larger-scale renewable energy generation is supported by the Renewables Obligation (RO) and smaller schemes receive the Feed-in Tariff (FIT). The cost of these is paid through consumers’ energy bills. The Levy Control Framework sets annual limits on the cost of these schemes, so that consumers’ energy bills do not increase too much.
Large-scale solar PV is deploying much faster than the government expected, so is putting pressure on the Levy Control Framework. The government is therefore proposing action to control the cost of large-scale solar PV by closing the RO across the UK to new solar PV capacity above 5MW from 1 April 2015 (with a one-year grace period for stations that have received preliminary accreditation on or before 13 May 2014 or can demonstrate to Ofgem that they have made ‘significant financial commitments’ in respect of the project on or before 13 May 2014)…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
What’s coming up: the major cases, government policy changes, and litigation and dispute resolution legislation to look out for in 2015
We know that it is important for businesses to be aware of upcoming legal and regulatory changes, so that they can plan ahead. View Walker Morris’s summary of some of the key upcoming decisions in major cases, changes to government policy and forthcoming legislation relating to litigation and dispute resolution in an easy-to-use table by clicking the link below: http://www.walkermorris.co.uk/whats-coming
The answer is yes, if they were not created as part of a genuine attempt to settle an existing dispute.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.