RenewableUK urges Chancellor to take three key steps for wind and marine power
26 October 2018
Posted by: Rob Norris
In the run-up to the Budget Speech on Monday, RenewableUK has made a submission to the Chancellor of the Exchequer, Philip Hammond, asking him to make three commitments to support the development of much-needed wind, wave and tidal energy projects.
RenewableUK’s Executive Director, Emma Pinchbeck, said:
”We’re urging the Chancellor to allow onshore wind to compete for Government-backed contracts to generate power. Onshore wind is now the cheapest source of power available in the UK. It saves consumers money over the lifetime of each new project.
“We’re also highlighting the case for a route to market for the UK’s world-leading wave and tidal energy industries, so that we can reap the commercial benefits of our innovative technologies. This means using tax incentives to attract investment, such as rebates for companies which sign power purchase agreements with marine power projects”.
“In the clean, flexible energy system we’re building for the future, consumers are playing a much more active role in managing their energy, storing and generating their own power. To encourage homes, businesses and industries to do more of this, we’re asking the Government to maintain the export tariff for small-scale generation”.
“This Budget is an opportunity for Government to provide certainty to businesses investing in the UK, to ensure we can continue to develop our world-class renewable energy sector”.
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RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and access markets to export all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.
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