Renewable Energy: Expenditure:Written question - 179297

(East Renfrewshire)
Asked on: 15 October 2018
Department for Business, Energy and Industrial Strategy
Renewable Energy: Expenditure
To ask the Secretary of State for Business, Energy and Industrial Strategy, how much the Government has spent on renewable energy through the Contracts for Difference programme.
Answered by: Claire Perry
Answered on: 24 October 2018

Contracts for Difference (CfDs) are funded through a levy on GB electricity suppliers, and ultimately by consumers through their energy bills. £636.4m has been spent on renewable electricity generation through the CfD since the first project started generating in 2016/17. The latest forecasts published by the Office for Budget Responsibility estimate an annual scheme cost of £3bn by 2022/23, the year by which all current CfD projects are expected to have commissioned. In the Clean Growth Strategy, published in October 2017, Government confirmed it would be making up to £557m (in 2011/12 prices) of annual support available for further CfDs.

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