Public Accounts Committee Criticise Lack Of Control Of Levy Control Framework

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Philip Bratby

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http://www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news-parliament-2015/energy-policy-levy-control-framework-report-published-16-17/

A damning report by the Public Accounts Committee on green energy schemes:

The recommendation comes in a report examining the Levy Control Framework, which is intended to help control the costs of three government schemes to support low-carbon generation.

The Framework sets yearly caps on the forecast costs of the Renewables Obligation, Feed in Tariffs, and Contracts for Difference—schemes funded through levies on energy companies and ultimately paid for by consumers via energy bills.

The Committee concludes the Framework has “suffered from a lack of transparency, rigour and accountability” and forecasting of its costs has been poor.

£110 expected to be added to household energy bills in 2020

The government department responsible (formerly the Department of Energy & Climate Change, now the Department for Business, Energy & Industrial Strategy) continues to expect to overspend the Framework budget.

The report states that as a…

View original post 479 more words

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