Wednesday, 20 January 2016

Energy Bill

On Monday 18 January, Phil gave a speech in the House of Commons during the debate on the Energy bill.

In the speech, Phil raised concerns about certain aspects of the bill, including the closure of the Renewables Obligation in April 2016 for onshore wind projects, a year earlier than previously stated by Tory ministers.

The Renewables Obligation is a subsidy scheme for renewables projects, which was slated to be replaced by a new scheme, Contracts for Difference. However, Phil argued that the UK Government’s decision to close the Renewables Obligation earlier than previously stated has damaged the market, resulting in the loss of:

“[An] amount of onshore wind capacity [which] would generate about 3.8 terawatt hours of electricity, which is equivalent to the annual power needs of more than 900,000 homes.”

Phil highlighted the benefits of onshore wind, stating that:
          
Scotland in particular has embraced the benefits of onshore wind, with over 5 gigawatts of operational projects, and the country is home to around 70% of the onshore wind projects that are currently in the UK planning system. Onshore wind has been the driving force behind the fact that renewables now account for nearly half Scotland’s gross electricity consumption.”

Phil further noted that this UK Government U-turn on the closure date of the Renewables Obligation created market instability in the renewables sector, and urged legislative stability, arguing that:

“The energy industry in the UK has been undermined by the UK Government’s continuous moving of the goalposts and needs legislative stability to attract and retain finance, and to bring back much needed investor confidence that is essential to the success of this industry.”

The full speech can be viewed below: