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Fossil Fuels

Volume 508: debated on Wednesday 24 March 2010

To ask the Secretary of State for Energy and Climate Change what recent estimate he has made of the levies on fossil fuels necessary to fund the Renewable Heat Incentive in each of the next five years. (321461)

[holding answer 10 March 2010]: Government are looking at options of how best to fund the Renewable Heat Incentive and we will make a further announcement at Budget 2010. At this stage we cannot say for sure what the impact upon fossil fuels will be.

Based on the current proposals for the Renewable Heat Incentive, our estimates of the costs of the RHI financial support for the next five years are:

£56 million in 2011;

£136 million in 2012;

£263 million in 2013;

£456 million in 2014;

£717 million in 2015.

Note:

2009 prices: undiscounted