Published on 08 Jul 2015 • England, Wales |
"Industry will welcome a review of energy taxation and levies. Fifteen years of layering and tinkering with policy has left us with a vast patchwork of expensive, inefficient and incoherent policy drivers for decarbonisation. We urgently need to revisit the policy landscape to reduce costs, improve the business environment and better deliver on our policy objective of reducing emissions."
"We're suddenly looking at a substantial amount of lost income for clean energy companies which was totally unexpected. For example, Levy Exemption Certificates account for just over 6% on onshore wind generators' revenues. The Government had already announced an end to future financial support for onshore wind – even though it's the most cost-effective form of clean energy we have. Now they're imposing retrospective cuts on projects already up and running across the entire clean energy sector."