Thursday, 19 January 2012

Government Propose New FIT Cut Date

The government has moved to address the uncertainty surrounding the feed-in tariff by proposing a cut from 3 March if the government loses its legal battle. In a ministerial statement to parliament, Energy Secretary Chris Huhne said that the government stood by the proposals in its consultation that saw the FIT slashed from 43p/kWh to 21p/kWh from 12 December. However, Mr Huhne said that to provide certainty, in the event the government loses its legal appeal against a High Court ruling that the cut was unlawful, he would introduce a cut from 3 March to 21p/kWh. Admitting the government was unsure when the Court of Appeal decision would be made, Mr Huhne said: ‘I know that the uncertainty while we await the court’s decision is difficult for the industry.’ Read more on Inside Housing.

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