The solar power industry has proposed an emergency plan to rescue renewables, which it says would add just £1 to consumer bills by 2019, on top of the £9 a year that clean technology subsidies cost bill payers.
The scheme is a response to government plans to cut subsidies for rooftop solar panel installations by 87% from 1 January. The Solar Trade Association (STA) has warned the move could cost up to 27,000 jobs and waste public money already spent on supporting the technology.
Solar companies are already going bust as a result of the changes, with an estimated 1,000 jobs lost so far. On Friday, a company backed by the billionaire inventor Elon Musk pulled out of the UK, blaming the government for not supporting the technology.
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