Who Will Pay the Ongoing Subsidies Required to Maintain Renewable Energy Obligation?
The Herald › November 25, 2010
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Summary
The Scottish Government's target to have 80% of Scotland's electricity generated from renewable sources by 2020 enables us to occupy the moral high ground in carbon reduction discussions. The Government has also identified renewable electricity generation as a major future export industry. Does this make any sense when renewable generation has to be heavily subsidised?
Of the 80% target, about 10% will be hydro-electricity, which is commercially viable without a subsidy.See the full content of this document
Extract
Who Will Pay the Ongoing Subsidies Required to Maintain Renewable Energy Obligation?
The other 70% has to be subsidised through the renewables obligation certificate (ROCs) scheme or in other even more expensive forms such as feed-in tariffs.
The subsidy costs will be substantial. Assuming that about one- third of the capacity is onshore wind, with...See the full content of this document
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