UK shifts inflation indexation for legacy renewable subsidies
The UK Department for Energy Security and Net Zero (DESNZ) has confirmed it will move ahead with changes to how inflation is applied to two legacy renewable energy subsidy schemes. The decision is expected to reduce payments to generators while lowering costs for electricity billpayers. From April, subsidy payments under the Renewables Obligation (RO) and the Feed-in Tariff (FiT) schemes will be indexed to the Consumer Price Index (CPI) instead of the Retail Price Index…