New FIT Rates from April 2012

jimjames

Wondering if anyone can confirm the RPI used for the FIT rates as of April 2012. My understanding was that the Dec figure is used which was announced today at 4.8%. This would give 45.4p as the new rate from April up from the current 43.3p.

I've not seen anything online that confirms the RPI figure used, has anyone else seen any links they can share?

don0301

the rpi rate is set from the previous Calender year ie Dec 2011 for this coming Apr increase, so yes should be 4.8%

http://www.regensw.co.uk/news/2011/3/2/fits-tariffs-to-increase-48-for-2011-2012

Cardew

don0301 wrote: »

the rpi rate is set from the previous Calender year ie Dec 2011 for this coming Apr increase, so yes should be 4.8%

http://www.regensw.co.uk/news/2011/3/2/fits-tariffs-to-increase-48-for-2011-2012

I think you have got that wrong as well.

The link you gave is for the 4.8% RPI increase that came into force in April 2011.

I believe it is the September CPI/RPI figures that sets the increase the Government uses from the following April.

This year's CPI increase(for April 2012) will be 5.2% and for RPI 5.6%.


So if the government stick to the RPI figure(for installations before 12/12/2011) FIT will rise 5.6% in April 2012.

Of course this Government reneged on their committment to increase pensions by RPI and are using CPI for some.

EDIT
http://www.ifs.org.uk/bns/bn120.pdf

don0301

Cardew wrote: »

I think you have got that wrong as well.

The link you gave is for the 4.8% RPI increase that came into force in April 2011.

I believe it is the September CPI/RPI figures that sets the increase the Government uses from the following April.

This year's CPI increase(for April 2012) will be 5.2% and for RPI 5.6%.


So if the government stick to the RPI figure(for installations before 12/12/2011) FIT will rise 5.6% in April 2012.

Of course this Government reneged on their committment to increase pensions by RPI and are using CPI for some.

EDIT
http://www.ifs.org.uk/bns/bn120.pdf

oh dear your very wrong

i gave that link, because this years link doesnt exist yet

if you read the link i gave, it explains what rpi figure is used, which as i explained is the year end of the previous year. so for this coming Apr it will be 4.8% which was the rpi figure for Dec 2011 just released

source:

http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/december-2011/index.html

it just so happens that the previous year was 4.8% too lol

the sept figure is what the government use for pensions etc


never mind cardew

don0301

now, what was it you said before?......

Cardew wrote: »

Do you ever read posts, or at least understand them, before leaping in and making a fool of yourself.

:D:D

The FITs tariff rates are adjusted annually in line with the RPI change over the previous calendar year. These new tariff rates will apply from 1 April 2011 to 31 March 2012, with the next RPI adjustment after this one due on 1 April 2012.

source:

http://www.regensw.co.uk/news/2011/3/2/fits-tariffs-to-increase-48-for-2011-2012

ps thanks for subsidising my FiT

jimjames

Cardew wrote: »

I think you have got that wrong as well.

The link you gave is for the 4.8% RPI increase that came into force in April 2011.

I believe it is the September CPI/RPI figures that sets the increase the Government uses from the following April.

This year's CPI increase(for April 2012) will be 5.2% and for RPI 5.6%.


So if the government stick to the RPI figure(for installations before 12/12/2011) FIT will rise 5.6% in April 2012.

Of course this Government reneged on their committment to increase pensions by RPI and are using CPI for some.

EDIT
http://www.ifs.org.uk/bns/bn120.pdf

The link states:

The FITs tariff rates are adjusted annually in line with the RPI change over the previous calendar year.

So I would understand it is the December figure used as that is the value for the previous calendar year not tax year.

I guess it is possible that the government could change the basis to CPI from RPI but it has been pretty well documented that the FITs are based on RPI. I could be wrong but I thought pensions were increased by "inflation", which measure the government use is down to them. But thats another story entirely.

don0301

jimjames wrote: »

The link states:

The FITs tariff rates are adjusted annually in line with the RPI change over the previous calendar year.

So I would understand it is the December figure used as that is the value for the previous calendar year not tax year.

I guess it is possible that the government could change the basis to CPI from RPI but it has been pretty well documented that the FITs are based on RPI. I could be wrong but I thought pensions were increased by "inflation", which measure the government use is down to them. But thats another story entirely.

yes, it does state that, doesn't it.

you would think it doesn't take much intelligence to read and understand it

perhaps cardew had something else on his mind at the time

i guess we will never know, as he suddenly seems to have gone shy to comment on how wrong he was

oh well, i guess we can get a warm feeling from the increase in our FiTs in April, and thank cardew for subsidising them :j

sly_dog_jonah

The export tariff should also go up from 3.1p to 3.2p, if you want to make sure your tracking spreadsheets are correct ;-)

Makes about £1.50 annual difference to the export income on our 3.7kWp installation. Every little helps :cool:

don0301

sly_dog_jonah wrote: »

The export tariff should also go up from 3.1p to 3.2p, if you want to make sure your tracking spreadsheets are correct ;-)

Makes about £1.50 annual difference to the export income on our 3.7kWp installation. Every little helps :cool:

yes, I wasn't aware of that at the time. but it does seem that's the case.

don't tell cardew that

ps still waiting for him to put his hand up and say how wrong he was

Cardew

The_Green_Hornet wrote: »

You may not agree with Don "Big Grin" 0301 posts (or Cardew and Grahamc2003 for that matter) but this is an open forum so as long as he isn't breaking any rules then his views, however uninformative you feel they may be, are as valid as anyone else's.

The PV bigots as you call them are just as bad as the anti-PV bigots in my view so maybe in the end they will just cancel each other out.

As has been said several times, I don't know anyone who is anti-PV - and certainly not myself. Good clean non-poluting electricity.

My objection, and that of several others, is to the FIT scheme that pays stupidly high subsidies.

The arguments have been well rehearsed.

I don't consider those house owners taking advantage of the FIT PV scheme bigots either, to the vast majority it is simply an investment opportunity - and who has ever criticised them?

HalloweenJack

plenty of schools / hopspitals/libraries with nice big roof`s doing nothing - plenty of multi kw installations could be fitted rather than 10 panels on a house roof.....