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Proposal To Close Feed-In Tariffs Scheme

The Department for Business, Energy and Industrial Strategy has recently published the Consultation on the Feed-In Tariffs Scheme in which it proposes that the above scheme will be closed to new applicants from the 1st April 2019.

Apparently, the Government is keen to make sure that people who pay their bills are getting value for money. When the scheme was put in place it was forecast that the energy bills paid by consumers would go up by £440 million in 2020 but, apparently, this figure is well below the latest forecasted figure of £1,600 million. It is also worth pointing out that the Government does not feel that the Feed-In Tariffs scheme fits in with its future vision.

The above document refers to the fact that between 2010 and the 31st December 2017, renewable energy installations have grown in capacity from 9.3GW to 38.9GW. By March 2018 there were over 800,000 installations.

Obviously, this news has no doubt not gone down well with those involved in the solar panel industry here in the UK plus the likes of homeowners who have been considering having solar panels fitted in the coming months as they may need to make a decision in the not too distant future.

The Government has asked for feedback on such things as the impact on jobs and the amount consumers will be paying for their electricity.

The consultation closes on the 13th September 2018.

It is going to be interesting to hear what the Government decides to do about the Feed-In Tariffs scheme once it has received feedback by the above date. We will endeavor to keep our readers up to date in this respect. Presumably, if the FIT scheme were to close for new applications from the 1st April 2019 this would have a negative impact on the number of new solar panel installations taking place in the UK if a suitable alternative was not introduced.

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