Erratic and arbitrary UK renewable subsidies are likely to end in failure/City AM

WITH Centrica threatening to pull the plug on a £2bn offshore wind farm if the government did not increase already exorbitant subsidies, ministers agreed to do just that. Yesterday, they announced they would slow the planned reduction in the guaranteed strike price for offshore wind by adding £5 to the subsidy – to £140 per megawatt hour in 2018.

But will the latest concessions to the wind industry make any difference? Two other multi-billion offshore projects have been cancelled in recent weeks, and this sweetener may not be enough to reassure the increasingly jittery green energy industry.

http://www.cityam.com/article/1386205621/erratic-and-arbitrary-uk-renewable-subsidies-are-likely-end-failure