Solar PV Feed In Tariffs - Good or Bad?

mysterons

http://www.parliament.uk/briefing-papers/SN05870.pdf
Official govt figures rather than the :eek: posted on here.
FIT's cap is on paragraph 4 and is £867m

don0301

867m/22539000/4

£867m for 11-12 to 2014-15

22539000 households

over 4 years

= £9.62 per household per year?

jamesingram

I beleive this budget may ave already been increased ?
yes by £197m (this came from a reduced ROC budget)

that's if we ignore all the business and other user of electric in the UK
HJack - how about non-domestic electric users , wont they be contributing to FITS also in thier bills?

what nonsense perversion of figures going on here ?

from http://www.decc.gov.uk/en/content/cms/statistics/energy_stats/source/fits/fits.aspx

figure up til the end of December
FITs total installations 147,239 ( 144,567 PV )
TIC 661,440 kW (approx. 597 MW PV)

don0301

jamesingram wrote: »

I beleive this budget may ave already been increased ?

that's if we ignore all the business and other user of electric in the UK
HJack - how about non-domestic electric users , wont they be contributing to FITS also in thier bills?

what nonsense perversion of figures going on here ?

from http://www.decc.gov.uk/en/content/cms/statistics/energy_stats/source/fits/fits.aspx

figure up til the end of December
FITs total installations 147,239 ( 144,567 PV )
TIC 661,440 kW (approx. 597 MW PV)

is the cost spread amongst business as well, or just households?

jamesingram

From elsewhere
"The electricity suppliers make the FiTs payments to the homeowners. They take this money from their working capital and settle any cross-funding amongst themselves via the FiTs levelisation process administered by OFGEM. There is nothing in the FiTs legislation that requires them to recover these costs from their electricity customers - via a specific levy or anything else. They could just as easily make a lower profit and the money would effectively come from lower dividends they pay to their shareholders. DECC's stance on this is that they 'let the market decide'. There is a small amount of money DECC put into the levelisation 'slush-fund' to compensate the electricity suppliers for their admin costs (and they obviously fund OFGEM's costs to an extent as well). "

The electricity supplier will clearly be looking to recover this cost some how but how it will do this is up to them . A specific increase in only domestic bills to do this as far as I'm aware has not been mentioned.
Therefore I believe it's just negative speculation

HalloweenJack

http://www.publications.parliament.uk/pa/cm201212/cmhansrd/cm120126/debtext/120126-0001.htm

_Chris_Huhne wrote:

I simply remind Labour Members that the Leader of the Opposition introduced a scheme at a cost of £7.9 billion. That went directly to consumers, and there was no way whatever of controlling those costs

and

Chris_Huhne wrote:

Let me reiterate the point that, if we were merely to accept the number of installations after our reference date and before 3 March, we would add £1.5 billion to the total cost of the scheme. That is what Opposition Members are asking us to do. If we were to go further, the cost would be even greater

don0301

http://www.publications.parliament.u...20126-0001.htm


Quote:
Originally Posted by Chris Huhne
I simply remind Labour Members that the Leader of the Opposition introduced a scheme at a cost of £7.9 billion. That went directly to consumers, and there was no way whatever of controlling those costs

and


Quote:
Originally Posted by Chris Huhne
Let me reiterate the point that, if we were merely to accept the number of installations after our reference date and before 3 March, we would add £1.5 billion to the total cost of the scheme. That is what Opposition Members are asking us to do. If we were to go further, the cost would be even greater


doesn't stack up with:

http://www.parliament.uk/briefing-papers/SN05870.pdf

para 4....

grahamc2003

jamesingram wrote: »

From elsewhere
"The electricity suppliers make the FiTs payments to the homeowners. They take this money from their working capital and settle any cross-funding amongst themselves via the FiTs levelisation process administered by OFGEM. There is nothing in the FiTs legislation that requires them to recover these costs from their electricity customers - via a specific levy or anything else. They could just as easily make a lower profit and the money would effectively come from lower dividends they pay to their shareholders. DECC's stance on this is that they 'let the market decide'. There is a small amount of money DECC put into the levelisation 'slush-fund' to compensate the electricity suppliers for their admin costs (and they obviously fund OFGEM's costs to an extent as well). "


The electricity supplier will clearly be looking to recover this cost some how but how it will do this is up to them . A specific increase in only domestic bill to do this as far as I'm aware has not been mentioned.
Therefore I believe it's just only negative speculation

That's a bit of a biased view - where does it come from? Of course there's no legislation saying the suppliers must recover the fits from their customers. But the regulator has said they can pass all costs onto customers - and that means they will, obviously. It's a little like saying there's no legislation saying solar panel owners must claim the fit - but effectively they all do, indeed that's the reason they install solar panels.

On other points, the fits now come from customers (ab £880m) and taxpayers (ab £200m) since the recent £200m increased funding has been transfered from the rhi. The £8b (and increasing) figure is the total costs of all 'green' subsidies.

3kwp systems, installed before March, bluetooth enabled inverter, software, now going for less than £7k, local installer, at an eco-fair today.

mysterons

He's quoting the entire renewables budget, of which the feed in tariff is a small part.
edit. Huhne I'm talking about

jamesingram

like I said, HJ
what nonsense perversion of figures.
£7.9 billion over what time frame ?
The budget from now til 2014 according to DECC is £1064m
consumers not household ,what figure would you like to divide that £266m/year by ?

Mr Huhne isn't he possilby in trouble re. misleading something or another elesewhere?
Not good quoting politician , they're full of s**t