Overview

This bill aims to end government subsidies for the construction, development, and operation of new onshore wind farms in England and Wales. Existing wind farms will not be affected.

Description

The Wind Farm Subsidies (Abolition) Bill proposes to eliminate all government subsidies for new onshore wind farms in England and Wales. Specifically:

• No Excess Payments: Government departments and agencies will be prohibited from making payments for electricity generated by onshore wind farms that exceed the prevailing wholesale electricity price.
• No Subsidies for Development: Payments for the construction, development, or operation of new onshore wind farms will be forbidden.
• Grandfather Clause: The bill includes a grandfather clause, meaning existing operational onshore wind farms will continue to receive any subsidies already agreed upon.
• Geographical Scope: The bill applies only to England and Wales.
• Commencement: The bill will come into effect two months after it receives Royal Assent.

Government Spending

The bill is expected to reduce government spending on onshore wind farm subsidies. The exact figure is not specified in the bill itself, but it would eliminate future subsidies for new projects.

Groups Affected

The bill is likely to affect several groups, including:

• Renewable Energy Companies: Companies planning to build new onshore wind farms in England and Wales will face significantly higher development costs and potentially reduced profitability.
• Investors in Onshore Wind Farms: Investors in future onshore wind farm projects may see reduced returns or project cancellations.
• Rural Communities: Communities that might have benefited economically from new wind farms may see reduced opportunities.
• Environmental Groups: Groups advocating for renewable energy may oppose the bill's potential impact on the expansion of renewable energy sources.

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