Chancellor aims to cut energy costs for small businesses
The government consulted on reforms to its small-scale feed-in tariff and Renewables Obligation schemes earlier this year, saying the existing pace of deployment under them risked pushing up consumers? energy bills.
The government consulted on reforms to its small-scale feed-in tariff and Renewables Obligation schemes earlier this year, saying the existing pace of deployment under them risked pushing up consumers’ energy bills.
Delivered on 25 November, Osborne’s Autumn Statement further confirmed that the government’s Renewable Heat Incentive (RHI) programme would be reformed in a way that delivered savings of £690mn/ year overall by 2020-21. Open to both business and household energy users, the RHI provides payments that support the installation of renewable heat systems in the UK.
Meanwhile, a total of £295mn is to be spent over the next five years to improve the energy efficiency of schools, hospitals and other public sector buildings.