05 Jun '18, 11am

UK Government announces direct intervention in the energy market in favour of nuclear over solar

UK Government announces direct intervention in the energy market in favour of nuclear over solar

According to the Solar Trade Association (STA), the change in policy will further tilt the playing field in the energy market, when low-cost solar is still effectively shut out of competitive markets. Greg Clark’s announcement indicated that the Government could invest in Wylfa Newydd, marking a a significant shift in energy policy towards explicit state investment in energy projects. The energy market is already highly distorted by Government interventions. The announcement comes at a time when the utility solar industry has been waiting more than three years for access to competitive UK clean power auctions, where it can offer power at close to wholesale price. Rooftop solar on warehouses and factories, meanwhile, has been stalled by crippling business rate hikes, despite the fact that it no longer requires Government subsidy. “When Hinkley Point C was given the green li...

Full article: https://www.renewableenergymagazine.com/pv_solar/uk-gover...

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