Sunday Times, 9th October 2011 (Marie Woolf):
"The chancellor is rebuked by David Cameron for failing to rubber stamp new prices that power companies will pay for renewable energy"
“At a meeting on Monday the prime minister’s most senior official, Jeremy Heywood, gave a dressing down to an Osborne adviser over the chancellor’s failure to rubber stamp the new price that power companies will pay for renewable energy such as solar, wave and wind power.”
3rd party verification of what we have suspected for a while. The article goes on:"The prices have already been approved by Cameron, Vince Cable, the business secretary, Philip Hammond, the transport secretary, and Chris Huhne, the energy secretary, and will now go out for consultation. Danny Alexander, chief secretary to the Treasury, and Nick Clegg, the deputy prime minister, also support the pricing structure."
Bearing in mind that the Arup Report shows a medium cost scenario for Round 3 offshore wind of £198/MWh, we’re not altogether surprised that Treasury had some questions, although given the length of time that the whole review has taken, and the damage that this delay is causing to the industry, it’s very disappointing that this didn’t happen earlier in the process.
You can find the full article in the Times here: http://www.thetimes.co.uk/tto/news/ although unfortunately it is behind a paywall.
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