company position: feed-in tariffs
Last updated: 03/01/2011
SmartestEnergy strongly supports the Feed-in Tariffs (FiTs) scheme and its potential to encourage a new generation of energy entrepreneurs.
In light of the review of solar tariffs, we believe that a single rate for all solar projects would provide the best environment to support long term investment in the sector.
We are concerned about the impact on investor confidence of additional tariff reviews.
the fast track review
SmartestEnergy strongly supports solar technologies and their potential to play an important role in contributing to a low carbon UK energy market.
We feel that the disparity created between domestic and commercial solar projects in the Government’s Fast Track Review was unjustified given that solar panel technology is largely the same regardless of a project’s size and the potential for economies of scale in the solar sector is limited.
In response to the Government’s review of tariffs for solar PV, we favour a single rate for all solar projects in the region of 15p-19p/kWh as we believe this would create the best environment for investment.
Whilst acknowledging that the proposed tariff changes reduce the disparity between domestic and commercial rates, we would urge for further realignment which a single rate would provide.
We also believe a further tariff review in the short term is unnecessary and would create uncertainty in the market at a time when investment needs to be maximised.
For additional information, please contact us.
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