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<p>The Levy Control Framework totals for schemes funded under the low carbon levy in the years 2015-16 to 2020-21 are as follows (in 2011-12 prices):</p><p><table><thead><tr><td valign="top" /><td valign="top">£billion<br /></td></tr></thead><tbody><tr><td valign="top">2015-16<br /></td><td valign="top">4.30<br /></td></tr><tr><td valign="top">2016-17<br /></td><td valign="top">4.90<br /></td></tr><tr><td valign="top">2017-18<br /></td><td valign="top">5.60<br /></td></tr><tr><td valign="top">2018-19<br /></td><td valign="top">6.45<br /></td></tr><tr><td valign="top">2019-20<br /></td><td valign="top">7.00<br /></td></tr><tr><td valign="top">2020-21<br /></td><td valign="top">7.60<br /></td></tr></tbody></table></p><p>Under current policy instruments, feed-in tariffs (FITs) and the renewables obligation, the amount of direct support predicted to be provided to UK renewables is as follows:</p><p>Under feed-in tariffs the support level for generation in 2012-13 is around £477 million in 2011-12 prices. This figure is provisional, and the final figure is due for publication in December.</p><p>For the renewables obligation, the 2014-15 obligation has been set at 72.3 million ROCs. Using the 2011-12 ROC price (£38.69) this gives a total spend, in 2011-12 prices, of £2,796 million in 2014-15.</p><p>Together, these two figures provide an estimate of the amount of funding under the LCF that is to be paid for continuing schemes, currently supported under FITs (as of the end of 2012-13) and expected to be supported under the RO (as of the end of 2014-15). These figures will be a slight underestimate, because projects coming on line in 2012-13 for FITs and 2014-15 for the RO will not receive a full year of support, as they are only supported from the point at which they begin generating. In the following year they will be supported for the full year. Therefore, the total support for continuing schemes will be slightly higher than the figures given in the table.</p> |