Saturday, December 07, 2013

Major changes for government renewable energy subsidies


The government is to make big changes to the way it subsidises renewable energy, it has announced.

Ministers say they will cut support for onshore wind and solar energy, but give more backing to offshore wind power.

Chief Secretary to the Treasury Danny Alexander described the shift in subsidy as "a rebalancing" and said overall spending would not change.

But Labour said "chopping and changing" pricing was bad for business.

See full Article: http://www.bbc.co.uk/news/uk-politics-25210963