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The UK’s Levy Control Framework for renewable electricity support: effects and significance

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posted on 2023-06-21, 06:01 authored by Matthew LockwoodMatthew Lockwood
There is a long-standing debate over price vs. quantity approaches to supporting the deployment of renewable electricity technologies. In the context of a a recent shift from quantity to price-based support, the UK has also introduced a new form of budgetary framework, the Levy Control Framework (LCF). The introduction of the LCF has been very important for investors but has received relatively little attention in the academic literature. The paper gives an overview of the LCF, explores its effects on renewables policy, on consumers and on investor confidence arguing that an unintended consequence of its introduction has been to increase uncertainty, through interactions with underlying support mechanisms. A number of problems with the current scope and design of the LCF are noted. It is argued that the LCF is best understood as aimed at avoiding a political backlash against renewable support policy in a context where the benefits of such policy are concentrated economically and socially. The paper concludes by placing the LCF within a wider context of a shift towards greater budgetary control over renewable energy support policy across European countries.

History

Publication status

  • Published

File Version

  • Published version

Journal

Energy Policy

ISSN

0301-4215

Publisher

Elsevier

Volume

97

Page range

193-201

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2019-01-10

First Open Access (FOA) Date

2019-01-10

First Compliant Deposit (FCD) Date

2019-01-08

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