Renewables disadvantaged by UK budget

The UK government has said there will be no new subsidies for low-carbon energy generation until the cost of existing support falls in 2025

The UK government has said there will be no new subsidies for low-carbon energy generation until the cost of existing support falls in 2025.

The finance minister, chancellor Philip Hammond, said in the annual budget on Wednesday that the freeze on new levies would protect energy consumers from the cost. 

The Conservative government forecast that spend on low-carbon electricity levies will continue to rise from £6.4bn in 2011/12 prices this to £8.7bn in 2023/24 before falling to £8.6bn the next year. 

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