Friday, 6 July 2012

Solar FiT Payments rise to £128.4m.

Almost £47m of feed-in tariff payments were made from the beginning of January to the end of March in 2012, over £10m more than the previous quarter, taking the overall total paid under the scheme to £128.4m.

I’ve previously complained bitterly about Npower and their attitude towards their customers, FiT clients in particular. 
Well, I may have been hasty…I have to give credit where it’s due because I sent in my meter reading for the period ending June 25th 2012 a day early and my bank received the payment on July 2nd.

Sorry guys, I take it all back. Perhaps they’ve finally got their act together. However, it won’t prevent me from taking my dual fuel account away from them when my existing tariff ends on July 31st.

Ofgem, reported a total of 248,010 renewable installations had been registered for feed-in tariffs by the end of March this year, equating to just over 1GW of new capacity.

Ofgem reports 99,629 solar installations were registered in the first quarter of this year, taking the total under the scheme to 244,920.
Around 430MW of capacity has been added since the turn of the year, with solar photovoltaic systems remaining by far the most popular technology under the incentive scheme.

Renewable energy firms have warned that the cuts being proposed risk undermining growth in the market, arguing that demand for solar panels has contracted sharply since the last round of cuts came into affect in April.  Despite all the wild reports in the Daily Mail, the scheme has cost consumers less than 90p per household. It seems like a good deal for consumers and the public if householder are generating electricity (however little) without expensive power stations being built.

However, ministers are likely to see the figures as vindication for their controversial decision to impose cuts to solar feed-in tariffs in a move designed to address fears that the scheme was on track to go over budget.

As Del Boy would have said. "You plonkers."

Twitter: (@solaricarus)

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