Why do it now
All the incentives above for renewable energy are be paid for by loading the fossil fuel content of the energy we all use e.g. ROC and FIT are being paid for by increasing the price of electricity and RHI the cost of gas, oil, coal and propane. This means that aside from market forces as fossil fuels run out the incentives are also set to drive energy costs far ahead of inflation.
OFGEM
In 2009 OFGEM the Energy Regulator published the results of Project Discovery. This examined the objective of securing sustainable energy supplies for the UK and costs associated with doing so.
Four Scenarios where examined
Green Transition
Green Stimulus
Dash for Energy
Slow Growth
Each modelled the interaction of the economy recovering from recession against a world of rising energy costs and variable uptakes of Renewable Energy Technologies.
None of the Scenario make very pleasant reading. The age of cheap reliable energy suppliers is over and a new age rapidly rising costs and insecurity awaits.
By 2025 we can expect to see primary energy costs rise between 183-191 % from today’s figures.
These figures exclude the effects of the ROC, FIT and RHI incentives which are expected to add up to a further 37% for electricity and 48% for Gas.
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