The Renewable Energy Association has urged government not to amend the feed-in tariff rates for solar before the scheduled review next year.
It says any “knee-jerk” policy change could damage investor confidence in the sector and believes hard evidence is needed in order to inform policy-making. The REA has written to Energy Minister, Greg Barker, calling for:
- No change to the eligibility criteria for Feed-in Tariffs. The threshold should stay at 5MW and all existing technology bands should be maintained
- DECC to base any changes to tariffs on a full analysis of the benefits
- Support for the roll out of solar energy in the UK, so that the industry can grow and get onto a trajectory whereby costs come down to the level of retail electricity (i.e. solar reaches “grid parity”)
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The long term price guarantee is of prime importance. If this can be changed somewhere down the line, I am not interested. Be aware that in Spain they offered atractive tariffs, people invested , and then the Govt lowered the tariffs, even for those that had already invested. Are the Govt prices watertight or can they be changed. If they can be changed, why invest ?