Overview

This bill aims to abolish 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 seeks to end all government payments exceeding the prevailing wholesale electricity price for electricity generated by onshore wind farms. This means no additional financial support will be provided to build or run new onshore wind farms. However, the bill explicitly states that subsidies for existing onshore wind farms, operational before the bill's enactment, will remain unaffected.

Key Provisions

• Ends government subsidies for new onshore wind farms in England and Wales.
• Existing onshore wind farms will continue to receive any subsidies already agreed.
• The bill comes into effect two months after parliamentary approval.

Government Spending

The bill is expected to reduce government spending on energy subsidies. The exact amount is difficult to determine without more detailed information on current subsidy levels, but it will result in significant savings over the long-term for new projects.

Groups Affected

Groups potentially affected include:

• Renewable energy developers: Will experience reduced profitability or inability to develop new onshore wind farm projects.
• Electricity consumers: May see a change in electricity prices depending on the market's response to the reduced supply of onshore wind energy.
• Rural communities: Potentially affected by changes in local employment opportunities related to the wind energy sector.
• Environmental groups: May be concerned about the impact on the UK's renewable energy targets.

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