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Feed in Tariff more than halved by December 8th

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Feed in Tariff more than halved by December 8th
by Sune Nightingale
28 October 2011

On Friday 28th a document was accidentally published on the Energy Saving Trust website detailing how the FIT (Feed In Tariff) is likely to be more than halved by the 8th December 2011. The rate reduction will be from the current 43.3p/kWh down to 21p/kWh.

There are currently many companies out there who supply and fit solar PV systems. These companies will have been recruiting staff based on the FIT scheme running at the expected and announced tariffs. With the tariffs due to plummet in December many of the fortunes of these companies may well follow suit......

You can read more on the Guardian website here

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