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Solar subsidies to be slashed

24-08-2015 Posted by:Matt Ridout


!50 imageEnergy secretary Amber Rudd is preparing to cut solar subsidies as part of an effort to cut costs for energy consumers. The subsidies currently are paid for via consumers energy bills and it is hoped that the reduction will remove some of the burden from bill payers around the country.


The subsidies paid for solar energy currently stand at 12.9p per kilowatt hour, but it is expected that the secretary will slash that by as much as half as we head into the autumn.


Subsidising the take-up of solar energy has seen the industry flourish, with more homes and businesses in Britain installing solar panels than any other country in Europe. It is thought that over 600,000 homes and businesses have managed to incorporate solar energy on their premises. With business seemingly booming, Amber Rudd feels that the industry is in a safe place to survive without the added subsidy, saying, “Our support has driven down the cost of renewable energy significantly. As costs continue to fall it becomes easier for parts of the renewables industry to survive without subsidies, We’re taking action to protect consumers, whilst protecting existing investment.”


However the moves will worry climate change campaigners and many in the renewable energy sector, as some feel that this government has abandoned green energy initiatives. The announcement regarding just how deep the cuts in subsidies will be should be announced next month.


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