EU Commission Accused of £5bn Miscalculation Over Renewable Energy Subsidies

The EU Commission has been accused of a gross miscalculation over its final renewable energy subsidies bill.

John Constable of the Global Warming Policy Forum (GWPF) claims the EU Commission climate policy report contains a “substantive error”, miscalculating the cost of annual levies on UK consumers by £4.8 billion.

He said the initial bill claimed subsidies would be £1.3bn, when the correct figure is closer to £6.1bn.

Mr Constable also received a confirmation from the commission that the error would be rectified.

A spokesman for the EU Commission said: “You are correct that the largest part of the other subsidies was from the Renewables Obligation and that these were not allocated to ‘financed by end users’ as they should have been.

“Thank you for spotting this error, we are correcting the figures and expect a revised report to be online soon.”

Mr Constable said the miscalculation will have “consequences for all sections” of the report’s overall findings and estimates.

He said: “The study is an important and major statement on the economic consequences of the EU’s energy and climate policies, and it is crucial that such work is as accurate as possible.”

Full post

The post EU Commission Accused of £5bn Miscalculation Over Renewable Energy Subsidies appeared first on The Global Warming Policy Forum (GWPF).

via The Global Warming Policy Forum (GWPF)

https://ift.tt/2tzoANn

February 23, 2019 at 09:12AM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: