17 Oct '11, 1pm

Does the UK need an energy saving feed-in tariff? @GreenAllianceUK thinks it could save £35bn

The government has been urged to give subsidies to businesses and households adopting electricity efficiency measures after a new report found that greater competition between energy savers and generators could save £35bn by 2025. The study, published today by think tank Green Alliance , argues that DECC's electricty market reforms should include an efficiency feed-in-tarriff (FiT), to boost the uptake of energy-saving measures such as insulation and demand management . FURTHER READING Councils to kickstart Green Deal revolution Energy storage market could reach €500bn by 2030 It warns the government is unlikely to achieve its target of reducing electricity demand by 16 per cent, so will require new generation capacity by 2025 costing £70bn, such as six new nuclear or carbon capture and storage plants, or around 5,000 large offshore wind turbines. In contrast it predicts t...

Full article: http://www.businessgreen.com/bg/news/2117659/uk-energy-sa...

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