feed in tariff budget

[solarsparkie]

Just to add -

There is an ongoing review of the FiTs budget by the Office of National Statistics (ONS) who are supposed to decide, based on an EU precedent, whether FiTs should be considered government spending at all. If this review finds that it shouldn't be part of the government 'budget' under the framework agreement then things might change.

mate everything in the thread has been pointing to customers are paying the fit not the govt , where are you going with this?

 

[Gavin A]

mate everything in the thread has been pointing to customers are paying the fit not the govt , where are you going with this?

the main reason that DECC have been concerned about the FIT budget is that currently the ONS classifies the FIT budget as being government spending for the purposes of calculating total levels of government spending and government debt. This is why the treasury is concerned with capping the overall spending on the scheme and DECC are so desperate to bring it back under the agreed spending limits.

If the ONS decide that actually it shouldn't be classed as government spending for these purposes, then these pressures ought to end, and there should be less of a problem with the FIT scheme going over it's nominal budgeted levels.

 

[solarsparkie]

View attachment fit charge on electric bill.pdf ok for all you non believers here is a copy of our electricity bill can i send it straight to the ONS and get them to pay the fit charge err no i think not , a govt dept DECC for instance err no i think not , could you lot stop pee ing about accept it as true and stop makin stuff up !

the main reason that DECC have been concerned about the FIT budget is that currently the ONS classifies the FIT budget as being government spending for the purposes of calculating total levels of government spending and government debt. This is why the treasury is concerned with capping the overall spending on the scheme and DECC are so desperate to bring it back under the agreed spending limits.

If the ONS decide that actually it shouldn't be classed as government spending for these purposes, then these pressures ought to end, and there should be less of a problem with the FIT scheme going over it's nominal budgeted levels.

 

[SRE]

View attachment 12801 ok for all you non believers here is a copy of our electricity bill can i send it straight to the ONS and get them to pay the fit charge err no i think not , a govt dept DECC for instance err no i think not , could you lot stop pee ing about accept it as true and stop makin stuff up !

I don't think anyone is disagreeing with you that the consumer pays - there's a political dispute about whether the govt can "claim" it as govt spend that's what Gavin and Ted have explained really clearly. Yes the consumer pays but for some strange reason it's currently coming under Treasury spending (even though it's clearly not government spend because it comes from the consumer) and that's what the ONS is reviewing.

No-one said it made sense, but that's the way it currently is and if you re-read the thread most of us are agreeing that consumers are footing the bill.

 

[SolarCity]

Solarsparkie, no one is making stuff up.

The Big 6 energy suppliers have always been the ones that pay for the FIT. The difference now is that they are visibly showing the customer that they are paying for it. Presumably to raise public opposition to the FIT scheme.

Ted's comments regarding the FIT are important for the reasons that Gavin and SRE state.

No one is suggesting that the ONS are going to pay for the FIT......

 

[Gavin A]

View attachment 12801 ok for all you non believers here is a copy of our electricity bill can i send it straight to the ONS and get them to pay the fit charge err no i think not , a govt dept DECC for instance err no i think not , could you lot stop pee ing about accept it as true and stop makin stuff up !

wind your neck in eh, nobodies making anything up. It's explained here to some degree if you don't believe anyone. http://www.decc.gov.uk/assets/decc/...90-control-fwork-decc-levyfunded-spending.pdf

we all know it has always been paid by the electricity companies, only you seem to think this side of things is new. The new aspect to this would appear to be that the companies are now actually specifying this charge directly on their bills and reserving the right to collect additional payments should the annual estimates proof inaccurate.

It's just how the ONS classify it for the purposes of calculating government spending and debt figures. They view it as being a tax and spend situation because the government adminsters the scheme and effectively it is a tax on the electricity companies to fund a government policy, but a tax where all the money raised is restricted to being spent directly on that policy only, and administered directly by the electricity companies. I believe the Germans have recently reclassified their FIT spending to not be included in these figures, so there's a reasonable chance the ONS will reach the same conclusion eventually.

 

[Gary K]

View attachment 12801

FLIPPIN HECK, I'd be uptight with a bill like that for a month.