«Yet the report stops short of making the most obvious recommendations to address this challenge, eliminating the subsidies and
forcing renewable energy generators to pay for the costs they impose on the grid because of their intermittency and unreliability.
And in the past few weeks, investment banks such as UBS, along with Macquarie Group and Deutsche Bank have all noted how the solar industry is reframing
energy markets in Europe, and beyond, and turning once profitable coal and gas fired
generators into marginal businesses, and
forcing many to close or to embrace a more rapid change to
renewables and distributed generation.
«Yeo's first committee task will be to examine this month's National Audit Office report on government funding for
renewable energy, covering taxpayer incentives and the «
renewables obligation» scheme that
forces electricity
generators to invest in green
energy.