Bulletin

Wind and solar projects to be stripped of all subsidies

Subsidies for new wind farms and solar power plants are to be cut as the government moves to cut rising energy bills for millions of families. The decision is expected to be announced this week, after official figures showed 'green' energy schemes will require £1.5bn more in subsidies than originally planned. This will be paid for by customers. If unchecked, rising costs would lead to every household in the country paying an estimated £170 a year by 2020 to support renewable electricity developments. Similar action could now follow in respect of subsidies given to help build new offshore wind projects and solar farms.

 

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