By Paul Homewood

h/t Philip Bratby

A seemingly innocent document from BEIS, announcing the closure of the Feed-In Tariffs scheme to new applicants next year:

https://r.search.yahoo.com/_ylt=AwrJS9cKbFRb_FAAGSRLBQx.;_ylu=X3oDMTByMWk2OWNtBGNvbG8DaXIyBHBvcwMyBHZ0aWQDBHNlYwNzcg–/RV=2/RE=1532288139/RO=10/RU=https%3a%2f%2fassets.publishing.service.gov.uk%2fgovernment%2fuploads%2fsystem%2fuploads%2fattachment_data%2ffile%2f726977%2fFITs_closure_condoc_-_Final_version.pdf/RK=2/RS=tdf_DxMTlq_XQyzljmEBQ7dvVuI-

As the document explains, the FIT scheme was introduced to encourage small-scale low-carbon generating projects, with extremely generous subsidies:

Page 11 though reveals the dirty little secret of how FIT has ballooned out of control:

FIT subsidies have contributed to overall Environmental Levies and RHI costs, which will be costing the UK £13.9bn a year by 2022-23:

http://obr.uk/efo/economic-fiscal-outlook-march-2018/

Still, it’s only money!

via NOT A LOT OF PEOPLE KNOW THAT

https://ift.tt/2Lwpipc

July 22, 2018 at 07:22AM