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Energy: Renewables

Volume 708: debated on Friday 27 February 2009

Question

Asked by

To ask Her Majesty's Government further to the Written Answers by Lord Hunt of Kings Heath on 12 November 2008 (WA 134–35), what is the anticipated annual subsidy to the development of renewable energy if the planned installation of wind turbines and other renewable energy sources is fully implemented between 2009 and 2019. [HL1241]

The renewable energy strategy consultation document set out scenarios for deployment of renewable energy needed to meet the UK's share of the EU renewable energy target. It gave estimates of the build rates for renewable technologies to meet 15 per cent renewable energy by 2020, and discussed financial instruments that would be needed to provide an incentive for the use of these technologies. The estimated cost of subsidies for renewable heat and electricity technologies consistent with the renewable energy scenario presented in the renewable energy strategy consultation is in the region of £5 billion to £6 billion per annum in 2020. These figures are at 2008 prices, discounted. Work is ongoing to refine these figures.