Cost Of Green Subsidies Rises To £66bn In Next 5 Years

By Paul Homewood

2.7 Environmental levies
	£ billion
	Outturn	Forecast
	2017-18	2018-19	2019-20	2020-21	2021-22	2022-23	2023-24
CRC Energy Efficiency scheme	0.5	0.5	0.5	0.0	0.0	0.0	0.0
Warm home discount1	0.0	0.3	0.3	0.4	0.4	0.4	0.4
Feed-in tariffs1	0.0	1.5	1.5	1.6	1.6	1.6	1.7
Renewables obligation	5.4	6.1	6.1	6.4	6.5	6.7	6.9
Contracts for difference	0.6	1.0	1.7	2.3	2.7	2.9	3.0
Capacity market1	0.0	0.7	1.0	1.3	1.0	0.9	1.2
Environmental levies	6.5	10.2	11.2	11.8	12.2	12.4	13.1
Memo: Expenditure on renewable heat incentive (RHI)	0.7	0.9	1.0	1.1	1.1	1.1	1.1
Note: The ‘Environmental levies’ line above is consistent with the ‘Environmental levies’ line in Table 4.6 of the October 2018 Economic and fiscal outlook.
1 The ONS have yet to include Warm Home Discount, Feed-in Tariffs and Capacity market auctions in their outturn numbers. If they were included, they would have been £0.3bn, £1.4bn and £0.2bn respectively.

https://obr.uk/efo/economic-fiscal-outlook-october-2018/

The cost of green subsidies continues to rise, and will cost £66.1bn in the next five years, approximately £2500 for every household in the country, according to the latest figures from the OBR.

I can safely guarantee that you will not see this news on the BBC.

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November 1, 2018 at 07:15AM