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Renewable Energy: Feed-in Tariffs

Energy and Climate Change written question – answered on 13th June 2011.

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Photo of James Wharton James Wharton Conservative, Stockton South

To ask the Secretary of State for Energy and Climate Change what estimate he has made of the cost to energy consumers of the feed-in-tariff scheme in each of the next five years following the implementation of proposed changes to tariff levels.

Photo of Gregory Barker Gregory Barker The Minister of State, Department of Energy and Climate Change

One of the primary objectives of the current review of feed-in tariffs is to ensure that the Feed-in Tariffs (FITs) scheme does not cost more to consumers than the amount set in last year's spending review (i.e. around £900 million over the period 2010-11 to 2014-15 in nominal undiscounted prices). This includes a saving of £40 million (around 10%) in 2014-15 compared with original projections carried out before the start of the scheme. It also represents a significant further saving compared with our estimation of likely spend in the absence of a review this year.

The spending review envelope for each year is shown in the following table. It is important to note that each year's figure includes the ongoing cost associated with installations commissioned in previous years.

Envelope (£ million)
2011-12 80
2012-13 161
2013-14 269
2014-15 357

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