The Government has today announced plans to ensure the future of the Feed-in Tariffs scheme to make it more predictable. Transparency, longevity and certainty are at the heart of the new improved scheme.
As the House will be fully aware, the Government’s proposed alterations to the Feed-in Tariffs (FITs) scheme are the subject of a judicial review. Specifically, the Government has been challenged regarding its proposal to apply new tariffs for solar photovoltaics (PV) from 1 April 2012 to all new installations with an eligibility date on or after an earlier “reference date”, which we proposed should be 12 December 2011.
E.ON put forward that it would cut electricity prices by 6%, while Scottish Power chose to cut gas prices by 5%. Both changes are due to come into effect at the end of February.
The moves followed a 5% electricity price slash by British Gas, and cuts to gas prices of 5% by EDF Energy and npower, and of 4.5% by SSE.