UK Chancellor To Abolish Coalition’s Green Tax Target – Tim Ross
The Sunday Telegraph, 5 July 2015
George Osborne to abolish coalition’s green tax target as customers face paying £1.5billion more through their bills to subsidise wind farms, solar panels and biomass plants
The cost of subsidising new wind farms is spiralling out of control, government sources have privately warned.
Officials admitted that so-called “green” energy schemes will require a staggering £9 billion a year in subsidies – paid for by customers – by 2020. This is £1.5 billion more than the maximum limit the coalition had originally planned.
The mounting costs will mean every household in the country is forced to pay an estimated £170 a year by the end of the decade to support the renewable electricity schemes that were promoted by the coalition.
Tory ministers are said to be “angry” at the scale of the over-running costs. They are blaming the Liberal Democrats who ran the Department for Energy and Climate Change for the past five years for the spectacular failure to control renewable energy programmes.
The huge excess spending is thought to be a result of higher-than-expected numbers of rooftop solar panels being fitted on houses, falling wholesale energy prices, and offshore wind farms proving more productive than anticipated.
The Chancellor believes the figures demonstrate the need to rein in the cost of policies to tackle climate change.