Changes to subsidies for renewable electricity could incentivise between £20bn and £25bn of new investment in the economy between 2013 and 2017
The Banding Review for the Renewables Obligation will support jobs and deliver more clean power with a reduction in costs to consumers between 2013 and 2015, Ministers said.
Bandings have been set for renewable technologies under the Renewables Obligation - the Government's main mechanism for supporting large-scale renewables - for the period 2013-17 (2014-17 for offshore wind).
Edward Davey, secretary of state for energy and climate change, said: "Renewable energy will create a multi-billion pound boom for the British economy, driving growth and supporting jobs across the country."
"The support we're setting out today will unlock investment decisions, help ensure that rapid growth in renewable energy continues and shows the key role of renewables for our energy security."
"Because value for money is vital, we will bring forward more renewable electricity while reducing the impact on consumer bills between 2013 and 2015, saving £6 off household energy bills next year and £5 the year after."
The Banding Review sets out that: