Haven Power

Government “reckless and wasteful” with low-carbon budget: Policy Exchange

Government “reckless and wasteful” with low-carbon budget: Policy Exchange


 

The government has been urged to improve its management and scrutiny of the energy policy costs being passed through to consumers’ bills, after a report found that it risked significantly overspending its budget for low-carbon subsidies. Issued on Thursday 16 July, Policy Exchange’s The Customer Is Always Right report suggested that DECC had underestimated the cost of low-carbon subsidy schemes owing to inaccurate wholesale price projections, overspend within the small-scale feed-in tariff scheme, and “systematic” underestimation of offshore wind output. Noting that DECC was likely to have spent already its Levy Control Framework budget to 2020-21, the report said DECC’s managements of renewables subsidies had been “reckless and wasteful”.

 

Policy Exchange