The Levy Exemption Certificate
The Climate bonus that we all missed. Until the Chancellor cancelled it we never realised that it added so much to the value of wind farms. We all know about ROCs but LECs were a closed book. Needless to say the wind weasels were counting them all up and it is a frightening sum. A subsidy on a subsidy. To give you an insight you might be interested in these figures on Farr windfarm. Infinis quoted LECs as 6% of their turnover.
Final ROC payment for April is not yet available. That cannot disguise the fact that Farr windfarm alone received £1.083 million in extra subsidy!