As a follow up to the Norfolk Chamber’s ‘Audience with George Osborne, the Chancellor of the Exchequer’ event on the 7 November, we submitted a number of questions from our members to the Chancellor. Responses to those questions are now starting to be received from the relevant Ministers within Westminster.
Ian Hetherington is Fuel Terminal Manager of Asco UK Ltd in Great Yarmouth. Asco have been members of the Chamber for 10 months having joined in March of 2013
Ian’s question to the Chancellor was:
“According to reports this month the big six energy firms received almost £900 million last year through consumer subsidies. This was worth £200 million more than the electricity produced by on and off shore wind farms. Onshore farms receive approximately 50% of their income through subsidies and with offshore wind farms; it’s about twice the value of electricity produced. With this in mind, can the Chancellor say with any certainty that electricity generated by wind farms will at some stage become self-sufficient and affordable, thereby removing the need for consumer subsidies (and also government subsidies) and if so, how will this affect investment in future wind farm construction projects? i.e. will we see it decline?”
Find on the attached document the written response from the Department of Energy & Climate Change.
