Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the cost to the public purse of Government green energy projects in each year since 2015.
The costs of renewable energy schemes for electricity are funded through consumer energy bills, rather than from general taxation.
The Renewable Heat Incentive is funded through general taxation:
Cost (£m) | 2015/16 | 2016/17 | 2017/18 |
Committed Renewable Heat Incentive | 366 | 530 | 713 |
Source: RHI budget caps, BEIS: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/795530/RHI_budget_cap_publication_data_to_end_of_February_2019.pdf
The Department has allocated general taxation for energy innovation spend for green energy projects, in the amounts of:
Cost (£m) | 2015/16 | 2016/17 | 2017/18 (est)* |
Energy Innovation spend for green energy projects | 373 | 473 | 531 |
Source: BEIS annual returns to the International Energy Association for UK energy innovation spend.
* Figures for financial year 2017/18 are estimates and figures for 2018/19 are not currently available.