Government must rethink the renewables obligation
9 August 2022
SUGGESTED
Economics
Julian Jessop quoted in The Daily Mail
9 August 2022
Energy and Environment
Government and Institutions
Andy Mayer quoted in The Telegraph
Andy Mayer, IEA Energy Analyst, has been quoted in The Telegraph on ways the government can address citizens’ rising energy bills.
Looking at different solutions, Andy says:
“Targeted support on energy bills adds a layer of complexity to the welfare system which is very hard to reverse when prices fall again.
“What you could do is simply cap the renewables obligation to a level that was deemed a fair return, much in the same way as the new green levy, the CFD, is charged.
“There is no justification at all for anybody getting the current market price to also be receiving the renewables obligation buyout price on top as a subsidy element.”
Read the full article here.
Looking at different solutions, Andy says:
“Targeted support on energy bills adds a layer of complexity to the welfare system which is very hard to reverse when prices fall again.
“What you could do is simply cap the renewables obligation to a level that was deemed a fair return, much in the same way as the new green levy, the CFD, is charged.
“There is no justification at all for anybody getting the current market price to also be receiving the renewables obligation buyout price on top as a subsidy element.”
Read the full article here.
SHARE
