Solar FIT to be slashed

IronGiant

So we can expect a reduction in our electricity bills now?

GaryMo

Nope. But we can expect a slowdown in the growth of the subsidy we've all been paying.

You do know the FIT is paid from the electricity bills of the rest of us?

BISHI

So FIT is a tax on those that don't get it? That's not good... So I'm increasing my own bill by having a generator giving someone else a feed in ? Blow that for a game of soldiers...

BISHI

Yes I do, it's a dirty tax which is rewarded to those who have the means to create green energy.

IronGiant

It is actually a miniscule amount. You have to look at all the properties in Britain and take away all those that are south facing. At the least that will leave 75%. ( in all probability it will be more like 80%). Then add to this all the properties left that won't ( or will no longer fit PV panels) and you will get over 95  % of the properties. It should only take a matter of pennies on each bill per quarter to pay the FIT. It is hardly going to break the bank !!!

BISHI

But what you should be doing by generating electricity at home is cutting the initial costs of the electricity generating companies which should then be passed back to consumers............... if the electricity generators choose not to do this by blaming 'increases in wholesale prices' it might be considered profiteering I suppose... The way I understood it is that it was supposed to balance out.

Philly112

I just meant I didn't realise my "free" electricity might end up costing my elderly neighbour money...   even if it's not much.

IronGiant

I'll sleep easy then, thanks

GaryMo

You could always go one step further and put a £1 coin in your elderly neighbours Christmas card every year!

BISHI

I think in 9 years time a £25 increase will mean little if electricity prices keep rising at the rates they are now.