Plans to change what households make from solar Feed-in Tariffs 'feels a breach of pro

pennysjp

https://forums.moneysavingexpert.com/discussion/comment/81749993#Comment_81749993

I have the FIT, and I'm bothered. There are two sides to a contract, and, typically, the government is reneging on it's commitments. The whole 'option 1, option 2' bullshine is straight out of Yes Minister: present your preferred option, along with a worse one, to get what you want. And 'gravy train'? As with any investment, terms were presented and accepted by participants, the same as investing on the stock market, or a fixed investment with your bank. Both sides there have to stick to the terms agreed, so should the shysters in Government.

matt_drummer

https://forums.moneysavingexpert.com/discussion/comment/81869661#Comment_81869661

But the Government are not the ones paying your FIT payments are they.

The Government don't have any of their own money, only that which they collect from people who live here (in the main).

The shysters as you call them, are not changing things to keep the money for themselves but rather to stop taking so much from people who haven't benefited and won't benefit from high rises in RPI.

Doc_N

https://forums.moneysavingexpert.com/discussion/comment/81869674#Comment_81869674

But by the same logic the government would be entirely within its rights to reduce the state pensions of those who bought additional years at knock-down rates which put them in profit within a year or so, and provides an annual pension which no commercial company could begin to match. These pensions cost everyone else a lot of money - so why not just scrap them as too expensive?

Scot_39

Two wrongs dont make a right.

I have no interest in funding many of 100,000s fit users - individuals or businesses - excess profits with the 0.71p / kWh it alone adds to my all electric bills.

And the more you protest the more will become aware of those profits and protest.

I've written to my MP again to complain about this decision.

Another clear failure of the DESNZ to look after the majority of electricity consumers.

QrizB

I've written to my MP again to complain about this decision.

I'm glad you've had a change of heart and want to see the RPI link preserved.

😉

Doc_N

https://forums.moneysavingexpert.com/discussion/comment/81869820#Comment_81869820

Good luck with that one then! 🤣

aintreemaid

There appears to be a train of thought here that the FIT scheme pays 75p per kWh, which bemuses me somewhat. My current payments are 6.39p per kWh generated and, for the assumed 50% that is fed back into the system, 7.39p per kWh. A far cry from the 22.97p (plus standing charge, plus VAT) at which I’m having to buy it back, and an even further one from the fictitious 75p per kWh.

Hardly "making a killing", as expressed by one contributor!

Qyburn

https://forums.moneysavingexpert.com/discussion/comment/81870891#Comment_81870891

My current payments are 6.39p per kWh generated and, for the assumed 50% that is fed back into the system, 7.39p per kWh

Why not just opt for metered export, and bump the export rate up to 15p or more?

Ectophile

https://forums.moneysavingexpert.com/discussion/comment/81869751#Comment_81869751

The government has already scammed anyone who paid into the State Earnings Related Pension Scheme (SERPS) or the State Second Pension (S2P). The government scrapped both of those schemes and now pays out a standard rate pension to all new pensioners regardless of how much they may have paid into either of those schemes.

But the government considers pensions to be a benefit, in the same way as unemployment and disability benefits. Governments can change them on a whim.

But back to FITs, the customer's contract is with their FIT provider: one of the energy companies and not the government. The FIT provider pays what the FIT scheme says they should. If the government changes the FIT scheme rules, there's nothing anyone can do. Your only hope in court is if a minister makes changes that aren't allowed by the enabling law. And the government can change that law if they need to.

Don't trust governments for anything long-term. What one government gives, another can take away.

Scot_39

Off topic for Energy forum - but plenty of info on this on pensions forum at time and still a small amount on gov site - and everyone can see exactly what their new state pension forecast is on line - or by contacting the relevant dept - and asking for their forecast.

https://www.gov.uk/new-state-pension/what-youll-get

"If you paid into the

Additional State Pension

before 2016 and would have got more State Pension under the old rules, you’ll get a ‘protected payment’. This is paid on top of the full rate of new State Pension."

The injustices are there for those now paying in high rates beyond that date - but its no different than any other progressive taxation and benefits system - the wealthy pay more - and get less out.

But at least if think of it in NI terms - the NI rate drops dramatically (8% - was 12% until Jan 24 - to 2%) - unlike the marginal tax rate - that increases dramatically (20-40-45 etc).

Currently the new will be around 30% higher than the old basic - c£2900 pa - from Apr this year. In 2016 when the numbers crunched - not sure ?

Have you checked your future pension forecast on line - or by getting a paper quote ?