A year has passed since the Comprehensive Spending Review, and the PV solar panel (photovoltaic) industry is nervous as to what the upcoming Comprehensive Consultation on the feed-in tariffs holds.
The take-up for photovoltaic or PV solar panels has been tremendous since the feed-in tariffs began in April last year, so good that it is clear that the high rate of feed-in tariff offered to new adopters will have lowered sooner than the 2013 date specified initially.
The current budget will not sustain another year of growth, with the demand for PV solar technology so strong, with around 550MW installed since the feed-in tariffs began. Bringing in a lower rate of the feed-in tariffs to newer adopters seems almost inevitable.
This situation was made apparent at the Conservative conference this week when George Osborne publicly attacked green laws and regulations. Piling costs on to energy bills and appeared to abandon earlier aspirations of leadership for the UK on the low carbon economy. (more…)