Thread: FIT slashed
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Dave Liquorice[_3_] Dave Liquorice[_3_] is offline
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Default FIT slashed

On Tue, 01 Nov 2011 09:35:43 +0000, The Natural Philosopher wrote:

I suspect that within 5 years government spending along with government
income will simply evaporate.


Er, FIT payments are *not* funded from government money they are
funded from a levy/surcharge that the government imposes on the
electricity suppliers. This reduction in the FIT payment is because
the subsidy and guaranteed return has been so popular the pot of
money the surcharge generates is running out. They either had to up
the pot (and thus add to everyones bills), cap the number of eligable
installations or reduce the payments for new installations.

The RHPP and RHI (if/when it happens) is government money and I can
see that being scrapped or watered down as to be useless.

--
Cheers
Dave.