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Tag Archives: expenditures

Green energy levy freeze

By Dave Elliott

The UK’s Autumn Budget may have backed Electric Vehicles, but it wasn’t too helpful in terms of providing extra support for the green electricity they ought to use, if we want carbon emissions to be reduced. Tucked away in the Budget details was a plan for replacing the Levy Control Framework, which caps spending on green energy projects, with a new ‘Control of Carbon Levies’ system.  It will cover the Renewables Obligation (RO), Feed-in Tariffs (FiTs) and the Contracts for Difference (CfD) systems as before, but the bad news is that, to keep future costs down, on the basis of current forecasts, there will be no new low carbon electricity levies until 2025’.

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Changing trend in energy and food-expenditure trends signify future realities

By Carey King

With the talk in the United States all abuzz about the presidential election this year, President Obama (and advisors) and Mitt Romney (and advisors) have to act as
though they know the solution to lowering unemployment and raising economic growth rates. It is hard for anyone running for an election to admit that they might be powerless to affect some energy and economic realities. In this post, I discuss the trend in the figure below: US monthly personal-consumption expenditures (PCE) for food and energy goods and services as a percentage of total household expenditures.I think it is completely possible that the stop in the declining trend of PCE for food and energy that stopped in the early 2000s is indicative of the new reality facing the United States energy and overall economic (and debt) situation.

US PCE Energy and Food.jpg
Figure 1. Personal-consumption expenditures of US households expressed as a percentage of total expenditures. Data are from the US Bureau of Economic Analysis Table 2.8.5.

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