The Government has published the autumn spending review. Here are the main points concerning energy.

• The Government will shortly publish their response on Renewables Obligation and Feed-in Tariff consultations, detailing how it plans to implement cost control on these schemes (this suggests that it will go ahead, it just leaves out what the damage will be).
• It has stated that if the RO and FIT proposals are implemented, it will save the average household around £6 (yes, £6, not a typo) on their energy bills in 2020-21.  
• There will be exemptions from the policy costs of the RO and FIT for energy intensive industries (like the steel industry).
• The Government is planning to increase Renewable Heat Incentive (RHI) funding to £1.15 billion by 2020-21; however next year’s budget will be just £30 million.
• The forecasted annual expenditure for the RHI from September this year was £405.2 million.  
• It also plans on reforming the RHI scheme to make it better value for money.
• A doubling of DECCs innovation programme funding to help modular nuclear reactors (maybe we’ll have one in every home!) and commitments to seed funding for promising new renewable technologies and smart grids.
• Enterprise Investment Scheme (EIS) funding and similar schemes, which attract tax cuts, will not be able to be used for renewable projects.
• They are trying to reduce costs of green policies on households by £30 from 2017; most of this policy cost comes from the Energy Companies Obligation (ECO) which supports the provision of subsidies for insulation, high efficiency boilers,  low energy lightbulbs etc.
• They will put up to 10% of shale tax revenues into a shale wealth fund, which will be redistributed to communities that host shale gas developments.

No other information has been published yet. As soon as we have more we will let you know. For the full review please click here.