We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

FIT feed in tariff increase for 2026

2

Comments

  • silverwhistle
    silverwhistle Posts: 4,163 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks for the information on rates.

    QrizB said:

    For example the total return on the FTSE250 since my PV was installed in 2012 is ~200%, just under 6% equivalent pa. The ~£8k we spent on our PV would now be worth ~£24k as a conventional investment. Meanwhile I'm carrying the risk of inverter failure, panel failure and so on.

    I have to say that there are no complainst here on the returns from a 2013 investment of 6.1K. No problems with your point, opportunity cost, alternative investments etc. but as the money came from my emergency liquid funds I wasn't denying myself any discernable yield (!) so only a small risk.



  • jimjames
    jimjames Posts: 19,245 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    The response has now been published. Spoiler alert - it's moving to CPI

    https://www.gov.uk/government/consultations/feed-in-tariffs-fit-scheme-indexation-changes

    Remember the saying: if it looks too good to be true it almost certainly is.
  • NedS
    NedS Posts: 5,236 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper

    Same outcome for the Renewables Obligation (RO) certificates:

    https://www.gov.uk/government/consultations/renewables-obligation-ro-scheme-indexation-changes

    It is really disappointing to see the government renege on it's contracts which will undermine and harm infrastructure investment in the UK at a time when it is most needed.

    Our green credentials: 12kW Samsung ASHP for heating, 7.2kWp Solar (South facing), Tesla Powerwall 3 (13.5kWh), Net exporter
  • wakeupalarm
    wakeupalarm Posts: 1,090 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    It's not a contract according to the Government.

    "A number of responses from private individuals suggested that any change to their FIT tariff would constitute a breach of contract. As set out above, the FIT scheme does not involve any contracts between the government and FIT generators. When they join the scheme, FIT generators enter into a “FIT Agreement” or “Statement of FIT Terms” with their electricity supplier. Suppliers make payments to FIT generators based on tariff rates. The means by which these rates are indexed to inflation is set out in legislation. The government is entitled to amend this legislation, subject to established parliamentary and legal processes."

  • michaels
    michaels Posts: 29,513 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    Lol. Sure I would like to make a deal with the UK government as it always has the power to enact legislation to change the terms unilaterally….

    No doubt the same could be done with government bonds (gilts) if they wanted to.

    I think....
  • Exiled_Tyke
    Exiled_Tyke Posts: 1,396 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper

    Comparing to the FT250 index isn't a fair comparison. The risk and volatility of returns from the index naturally give rise to higher returns. And note that the 250 is mid-table (from the 101st to 250th largest stocks on the market) and hence riskier then the FT100 index. I'm sure most PV investors were not looking at PV v's stock market but got into this arena for very different reasons to the average market investor.

    Install 28th Nov 15, 3.3kW, (11x300LG), SolarEdge, SW. W Yorks.
    Install 2: Sept 19, 600W SSE
    Solax 6.3kWh battery
  • nobby1963
    nobby1963 Posts: 368 Forumite
    Part of the Furniture 100 Posts Name Dropper Rampant Recycler

    Morning All …..

    So with the new figures that were released yesterday does that mean for us early adopters - November 2011 for us - that our new FIT rate from April is 76.9p ?

    Or am I reading it wrong ?

    Cheers

    Nobby.

    SMA 4000TL Inverter, 17 REC 235PE Panels, South facing, roof angle \ `ish, 3995 watt system.Installed Nov 2011.
  • gefnew
    gefnew Posts: 995 Forumite
    Part of the Furniture 500 Posts Name Dropper

    Yes 76.9p plus if on deemed export of 50% at 5.43p,

    or a combined rate of both of 79.615p.

  • nobby1963
    nobby1963 Posts: 368 Forumite
    Part of the Furniture 100 Posts Name Dropper Rampant Recycler

    Good.

    Though personally it’s been quite a while since we opted out of deemed export as the ability to maximise revenue from excess generation meant much higher prices were available elsewhere.

    SMA 4000TL Inverter, 17 REC 235PE Panels, South facing, roof angle \ `ish, 3995 watt system.Installed Nov 2011.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.1K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.