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<p>Our current estimate of expenditure on feed-in tariffs (FITs) for 2012-13 is around £477 million, in £2011-12 prices. Final figures for 2012-13 will be published in December 2013. Our current estimate of expenditure under the renewables obligation (RO) for 2014-15 is £2,796 million, in £2011-12 prices. These figures are our best estimates of the committed expenditure under the LCF for 2015 onwards.</p><p>The Levy Control Framework profile rises from £4.3 billion in 2015-16 to £7.6 billion in 2020-21.</p><p>The following table shows the proportions of total expenditure under the LCF that are therefore remaining for new entrants under FITs (from 2013-14 onwards), the RO (from 2015-16 onwards), contracts for difference (CfDs) and final investment decision enabling for renewables (FIDeR).</p><p>These are our best estimates of expenditure that is already committed, based on projects we expect to be supported under FITs in 2012/13, and under the RO in 2014-15. 2014-15 expenditure for the RO is committed, because we have set the renewables obligation on electricity suppliers for that year. If more (or less) capacity comes forward under either scheme, then in future years the total committed expenditure will be more (or less) than set out in the following table.</p><p><table><thead><tr><td valign="top">2011-12prices<br /></td><td valign="top">2015-16<br /></td><td valign="top">2016-17<br /></td><td valign="top">2017-18<br /></td><td valign="top">2018-19<br /></td><td valign="top">2019-20<br /></td><td valign="top">2020-21<br /></td></tr></thead><tbody><tr><td valign="top">FITsexpenditure (£million)<br /></td><td valign="top">477<br /></td><td valign="top">477<br /></td><td valign="top">477<br /></td><td valign="top">477<br /></td><td valign="top">477<br /></td><td valign="top">477<br /></td></tr><tr><td valign="top">ROexpenditure (£million)<br /></td><td valign="top">2,796<br /></td><td valign="top">2,796<br /></td><td valign="top">2,796<br /></td><td valign="top">2,796<br /></td><td valign="top">2,796<br /></td><td valign="top">2,796<br /></td></tr><tr><td valign="top">Totalestimated committed expenditure (£million)<br /></td><td valign="top">3,273<br /></td><td valign="top">3,273<br /></td><td valign="top">3,273<br /></td><td valign="top">3,273<br /></td><td valign="top">3,273<br /></td><td valign="top">3,273<br /></td></tr><tr><td valign="top">LCFprofile (£million)<br /></td><td valign="top">4,300<br /></td><td valign="top">4,900<br /></td><td valign="top">5,600<br /></td><td valign="top">6,450<br /></td><td valign="top">7,000<br /></td><td valign="top">7,600<br /></td></tr><tr><td valign="top">Totalremaining LCF profile for new entrants (£million)<br /></td><td valign="top">1,027<br /></td><td valign="top">1,627<br /></td><td valign="top">2,327<br /></td><td valign="top">3,177<br /></td><td valign="top">3,727<br /></td><td valign="top">4,327<br /></td></tr><tr><td valign="top">Percentageremaining for newentrants<br /></td><td valign="top">23.9<br /></td><td valign="top">33.2<br /></td><td valign="top">41.6<br /></td><td valign="top">49.3<br /></td><td valign="top">53.2<br /></td><td valign="top">56.9<br /></td></tr></tbody></table></p><p>The figures will be a slight underestimate of committed expenditure, because projects coming on line in 2012-13 for FITs and 2014-15 for the RO will not receive a full year of support, reflecting that they are only generating for part of the year. Projects will receive a full year of support from 2013-14 for FITs and 2015-16 for the RO. Therefore, the estimated total support committed under each scheme will be slightly higher than the figures given here.</p> |