Thursday 17 March 2011

EMR leaves uncertainty for renewables

Sustainable energy organization, Regen SW, have said that the UK's businesses and investors need long term certainty and continuity in government policy in renewables.

Merlin Hyman, Chief Executive of Regen SW said: "It is not clear to us that the Renewables Obligation has failed and must therefore be replaced by a package of proposals that is radical, complex and not fully worked through.

"In our view this approach is likely to introduce uncertainty into the market leading to delayed investment decisions."

Regen SW also seemed concerned over the complexity of the proposed Contracts for Difference which will add uncertainty.

Mr Hyman added: "We suggest government should consider the alternative of a fixed, stepped FIT that reduces towards the wholesale electricity price over time, as used in Germany."

Regen SW works to enable business, local authorities, community groups and other organisations to deliver renewable energy and energy efficiency and to build a prosperous low-carbon economy in the south west of England.