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Latest News25th January 2012: GOVERNMENT SEEKS PERMISSION TO APPEAL COURT DECISION IN THE SUPREME COURTThe government has confirmed it will seek permission to appeal against a second court ruling that today stated that its plans to cut the Feed-in Tariff were unlawful. Chris Huhne, Energy and Climate Change Secretary, announced that the government would now seek permission to take its case to the Supreme Court to ensure it can impose cuts to feed-in tariffs (FITs) on installations completed after December 12 last year. If the government is not given the right to appeal to the Supreme Court then the High Court ruling states that the 43.3p tariff would be reinstated for all installations comissioned and registered before the 3rd March 2012. If the government win the right to appeal the decision in the Supreme Court then, depending on the outcome, they could impose the 21p tariff rate on all installations comissioned and registered from the 12th December 2011. At Naturalwatt we are advising prospective customers to base their decision to install a solar PV system on the assumption that they will receive the 21p tariff. This can deliver returns of around 8% if your installation faces south. If the government then loses the right to appeal in the Supreme Court (and there is a good chance that they will lose given that the High Court and now the Court of Appeal have ruled that their actions to cut the tariff as of 12th December were unlawful) then your installation should automatically be upgraded to the 43.3p tariff for 25 years. Do please contact us with any questions and we will be happy to help as best we can. |
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