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UK Gov to scrap Levy Control Framework

By: Tom Russell 08/03/2017 4C Offshore

General Windfarms

In the Spring 2017 budget the Government confirmed that the Levy Control Framework (LCF) will be replaced by a new set of controls which will be set out later in the year.

The Government stated that it recognises the need to limit costs to businesses and households as the UK decarbonises its energy supplies.

The LCF was designed to control the costs of supporting low carbon electricity, paid for through consumers’ energy bills. It sets an annual budget for projected costs of all BEIS’ low carbon electricity levy-funded schemes until 2020/21, rising to £7.6 billion in 2020/21 (2011/12 prices).

The Framework includes the costs of the ‘Contracts for Difference’ (CFD), the ‘Renewables Obligation’ (RO), and the ‘Feed in Tariff Scheme’ (FiTs), as well as early CfDs awarded under the ‘Final Investment decisions Enabling for Renewables’ (FiDeR) process.

RenewableUK’s Executive Director Emma Pinchbeck said: "We’re keen to work with Government on the new set of controls which are to replace the Levy Control Framework. Energy infrastructure takes time to build. Projects being thought about today will come on line in the 2020s, after the period covered by the LCF expires. We need to ensure that developers and investors in wind, wave and tidal energy projects have certainty so that projects can be built, economic returns can flow and consumers can benefit from the low cost of renewables”.

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UK Gov to scrap Levy Control Framework

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