Changes to FIT coming sooner that we thought!

[Scooby]

Hmmm, jugs, with the original FIT "agreement" the financial case was a darn sight more than 'acceptable', hence the knee-jerk - with emphasis on 'jerk' - reaction by the government. If they had only kept proper tabs on what was happening on the ground, they could likely have controlled more carefully the reductions in tariff - making them smaller and more regular - thereby keeping the payback period running effectively at a pretty constant level. With no boom and bust. But, hey, that's asking them to actually be aware of what is happening.

It was always the case that they could change the FIT rates for future installs whenever it suited them. We just assumed they wouldn't be stupid about it.

Any change to the FIT rates already in place - and to the 25 year pay period - would require a change to parliamentary legislation, and the howls if that was even attempted would be quite deafening.

 

[Aquinas_Quark]

Any change to the FIT rates already in place - and to the 25 year pay period - would require a change to parliamentary legislation, and the howls if that was even attempted would be quite deafening.

Hi, I am also distrustful of ANY government, so have printed out (to keep for 25 years!) all I could find on the 43.3p rate (energysavingtrust, .gov, ofgem pages etc); but do you know where exactly the official statement is of the higher tariff payment? Thanks!

 

[Scooby]

Anything can change...

However, the 25 year term is pretty well established and set - I think it would take something pretty extraordinary to change it. Even Greg Babes confirmed on Radio 4 it would stay when challenged recently on the FIT reduction in December. So, safe as houses...

 

[Dan]

Don't mind me while I bump some threads in the solar PV forum. If they're not current or applicable topics, just ignore the threads; they'll drop off the page. If they are, feel free to chip in and chat solar stuff in the solar panels forum.