10 Dec 2010 10:12:00
Renewable Obligations review brought forward
The Department of Energy and Climate Change (DECC) has announced it is bringing forward the review of Renewables Obligation payments after 2013.
Energy minister Charles Hendry announced the renewables industry will be offered guidance on the payments they will receive through the initiative post-2013 a year earlier than originally planned.
The new banding proposals will now be released in Spring 2011, before being confirmed in August the same year.
According to the DECC, developers were reluctant to work on developments with long construction periods because of uncertainty surrounding the payments.
"Taking this action will help us realise our full potential for growth in renewable electricity. We think we've found the right balance between speeding up the process and making sure our decisions are based on solid analysis," Mr Hendry added.
The revised bands will come into force in April 2013 as originally planned.
Gaynor Hartnell, chief executive of the Renewable Energy Association, was reported by Greenwise Business as saying: "Waiting until August 2012 was not an option."
"It certainly helps to have clarity 14 months earlier – but some need that certainty now," she added.