DECC consults on growing momentum for renewable electricity
Proposals to maintain the growing momentum behind renewable electricity investment in the UK, while continuing to deliver value for money for consumers, have been unveiled by DECC.
Since 2010 the UK’s renewable electricity capacity has doubled; in the same period, over £34 billion of private sector investment has been announced, with the potential to support almost 37,000 jobs. What’s more, the scale of growth in the sector has meant that the cost of some renewable technologies, such as onshore wind and solar power, has fallen.
These proposals are about ensuring the right balance of support for renewables and a smooth transition to the Government’s new Contracts for Difference, securing the further investment we need to provide clean, green and secure energy, whilst continuing to deliver value for money for energy bill-payers.
