By Paul Homewood
A few years ago, the OBR stopped including Feed in Tariffs in the cost of Environmental Levies. They gave no good reason, and quite clearly they are as much of a levy on energy bills as other renewable subsidies:
https://obr.uk/efo/economic-and-fiscal-outlook-march-2024/
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This is how OFGEM describe the scheme:
https://www.ofgem.gov.uk/publications/feed-tariffs-fit-annual-report-2022-23
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OFGEM published their FIT Annual Report for 2022/23 last December. It notes that subsidies for generation, as opposed to exports, totalled £1.63bn. On 8.9 TWh, this works out at £183/MWh.
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The costs of the FIT scheme are passed on to our energy bills.
On current costings therefore, the total cost of renewable subsidies will amount to £14.4 billion, (£11.5+1.2+1.7bn). Or £533 per household).
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July 3, 2024 at 09:43AM
Iowa Climate Science Education 