Ofgem confirms solar FiTs to remain unchanged
Industry experts Feed In Tariffs Ltd predicated last month that due to the lack of activity in the market the solar feed-in tariff would remain unchanged come February. That prediction has now been officially confirmed by energy regulator Ofgem.
As we reported last month, the level of take up for solar PV installations between August and October fell below the Government’s set capacity levels. Provisionally published figures had revealed that between 5 August and 28 October around 70MW of solar panels up to 10kW were installed – way below the 100MW figure the Government had marked for a 3.5% degression to kick in. As revealed yesterday by Solar Power Portal the Department of Energy and Climate Change (DECC) has confirmed that due to disappointing installation levels there will indeed be no further cuts until 1 May 2013.
The official numbers of aggregate capacity deployed between 1 August and 31 October published by DECC have revealed that there was 61.048MW installations in the 0-10kW banding, 12.563MW for installations between 10-50kW and 24.657MW in the 50kW and above tariff band.
It means that there will be no changes to the feed-in tariff in February and the rate of solar subsidies on offer for anyone installing the technology will remain unchanged at 15.44p/kWh until at least the 1 May 2013.