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Gaia Will be Angry With Us: Solar Power Subsidy Cut | Anorak

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Gaia Will be Angry With Us: Solar Power Subsidy Cut

GAIA will be angry with us. But we should still welcome this as good news.

Under current plans, the level of the feed-in tariff is likely to more than halve, from 43p per kWh to 20p. The solar industry says it can broadly live with that level, but some companies warned that schemes to provide disadvantaged communities and households with low-cost power and heating would be the most likely to be scrapped under the changes.

We might want to ask ourselves why, if the solar companies can live with this lower level of subsidy, they’ve been allowed to stick their hands into our wallets for the higher amount. Subsidy should be, after all, only just enough to get things moving, not twice the amount it needs to be.

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Posted: 28th, October 2011 | In: Money | Comment