- Category: Uncategorised
- Created on 25 January 2012
- Written by Alex
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Photon Energy’s managing director Jonathan Bates responds to Court of Appeal’s decision that the cuts to the feed-in tariff are illegal
“The Court of Appeal has ruled that the Department of Energy and Climate Change (DECC) acted illegally when it cut the feed-in tariff (FIT) rates on 12 December last year in a botched consultation exercise. The DECC has been given leave to appeal to the Supreme Court and, should they decide to do so, the solar industry faces yet more uncertainty.
“Some people within the solar industry have been pleased to see the DECC get a bloody nose on this, but the decision carries a high risk for the solar industry and may even place the entire FIT scheme in jeopardy.
“Many of us in the industry had largely come to terms with the changes and believed that the new 21p tariff was workable as it would give a return of 5 per cent. The old tariff levels were far too high and re-instating these could now have a potentially crippling impact on the spending cap of £860m.
“The Court ruling could cause another mini gold-rush before the new deadline of 3 March. This is the last thing we want to see as it could potentially lead to the end of the FIT scheme.
“The last few months have seen a boom and bust – the last thing we want is another boom followed by a spectacular bust.”