Government must rethink the renewables obligation
Julian Jessop quoted in The Daily Mail
Matthew Lesh writes for CapX
Andy Mayer quoted in The Telegraph
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.