DECC briefing on the Feed In Tariff appeal 26/01/12 part 1
The Government today released a guide to their take on the current situation with the Feed In Tariff levels, the court decisions and what their decision to apply for permission to appeal to the Supreme court means.
Leeds Solar have reproduced it in 2 parts. This is part 1, part 2 is available at this link
DECC briefing on the Feed In Tariff Appeal 26/01/12 part 1
GB Feed in Tariffs Scheme | Key Facts
By mid January, there were nearly 210,000 PV installations with a capacity of 840MW - a total capacity that is far more than we originally projected under the scheme.
OFGEM reports another 36MW of large-scale in pipeline.
More small scale PV capacity (380MW) installed in the 6 weeks between launch of the FITs consultation and the proposed reference date (12 December) than in the whole of the year before then (310 MW).
Rates of return have doubled – 5% to 10%
PV costs have fallen at least 30% since April 2010
Electricity prices have risen 13%
Each week at mid-November installation rates and tariffs costs £275m (over 25 yrs)
On latest data, doing nothing would add £40p/a in 2020 to domestic electricity bill (was £26 in IA)
Not doing the Fast Track review on large-scale would have added additional £10 to consumer bills in 2020
GB Feed in Tariffs Scheme | Current consultation proposals
Cost to consumers by 2014-15: £250m-£280m, £2.60-£2.80p/a on average domestic electricity bill.
Could be higher given recent installation rates – £320m-£360m in 2014/15, or £3.30-£3.60p/a on bills
Typical domestic installation could still earn around £500p/a plus £190 bill savings.
Waiting until 1 April 2012 to make changes would lead to additional costs of:- £60m p/a in 2014/15, adding 80p to bills (Impact Assessment)
Given recent installation rates, could add £160-£170m p/a in 2014/15, or £1.60-£1.80 to bills
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