DECC loses appeal – 43.3p FiT rate may be restored
The Department of Energy and Climate Change (DECC) has lost its appeal against the High Court ruling that its proposed changes to the Feed-in Tariff (FiT) were unlawful. The full judgement by the three Lords Justices of Appeal can be found here .
There is still some uncertainty that remains of what this means for the FiT. A statement from Chris Huhne has been released by the DECC saying “”The Court of Appeal has upheld the High Court ruling on FITs albeit on different grounds. We disagree and are seeking permission to appeal to the Supreme Court.”. However, Friends of the Earth have said on their website that the three judges refused permission for the Government to appeal to Supreme Court, so it is unclear exactly how this will turn out.
Many people in the solar panel industry hope this will not be granted and that the industry is allowed to work with clarity on what returns they are able to offer their customers. Solar Trade Association Chairman John Howard released a statement earlier today saying:
“Hopefully today’s result will draw this episode to a close, and mean that one of the only growing sectors in the UK can get back to work. The Government’s appeal against the original ruling has created huge uncertainty for the thousands of small businesses in the sector, and we sincerely hope that the Government chooses not to take this further by appealing against this result.”
It seems that the uncertainty that we hoped would disappear with today’s result still remains. However it is reassuring to know that at the lower FiT rate of 21p, our solar PV systems are still expected to generate an excellent return of between 7 and 11%, significantly better than many other forms of investments.
If the 43.3p FiT rate is reinstated we’re expecting a surge in enquiries again just like we did before December 12th. Want to be first on our books? Visit acgoldsolar.co.uk to find out more and enquire online.
Alternatively contact us at email@example.com or call our freephone number 08000 355 779.
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