United Kingdom cuts solar FIT benefits fell less than expected

Polaris solar PV net news: United Kingdom on December 17, the Government struck, the solar FIT next year (Feed-in Tariffs, wholesale purchasing) benchmark will be adjusted down to 4.39pence/kWh subsidy total price limit of £ 150 million. Overall, the United Kingdom FIT cutting 64% is slightly lower than previously expected by 87%.

Reuters noted that FIT the scope containing the installation of new solar and small wind power generation facilities of home, business, farm equipment owners can use their own electricity generated, and the rest to sell back to the grid, and made FIT subsidies.

According to the new FIT price, installed in a home solar energy system on the roof 65% less subsidy than the current subsidies.


United Kingdom cuts solar FIT benefits fell less than expected

New prices by the United Kingdom Department of energy and climate change (Department of Energy and Climate Change,DECC) notice due to the session of the parliamentary Christmas recess, the new FIT will begin implementation on February 8, 2016. In addition, in order to ensure that the new budget allocation of £ 100 million, between January 15, 2016 and February 8, will be a four-week grace period the new FIT, during this period a new solar system 4.39p/kWh prices will apply until March 31. Zhihou, FIT forecast has quarterly decrease in price.

According to the Government’s impact assessment reports, this decision could make solar power installed capacity in the country to reduce 5.2GW, and 18,700 jobs.

Original title: United Kingdom cuts solar FIT benefits fell less than expected

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