Cuts to the ‘feed in tariff’ (“FIT”) announced before Christmas may be in jeopardy as fomer coalition partners in the House of Lords try to force the government to reverse the policy.
A “regret motion” tabled by Baroness Feathersone, calls for the cuts to the ‘feed in tariff’ subsidies to be rescinded. If the motion is supported by Labour and significant numbers of cross-benchers, it could see the government defeated.
This would be widely welcomed by the UK solar industry which is facing the loss of up to 18,700 jobs as a result of the cuts.
The south west has long led the way in solar installations with the the highest concentration of solar farms in the UK and nearly 3,000 arrays.
Established in 1979, Totnes based Beco Energy Solutions is one of the UKs longest established suppliers of renewable energy. In anticipation of the subsidy cuts, the company has been diversifying to safeguard its offer to agricultural, business, community and domestic customers.
Director, Nigel Brunton-Reed said “The cuts announced before Christmas came as no surpise and we had already been re-examining our strategy to utilise our expertise to diversify into new areas. For Beco, it has largely been a case of bringing forward our plans in response to customer demand for energy efficiency. We have seen a huge surge in interest in LED lighting for example and are well placed to design installations for businesses wanting to make significant savings in energy costs. We anticipate that this – and other new areas of business such as heat saving fans and simple, straightforward power contracts – will experience strong growth over the next 12 months, although the rescinding of the solar subsidy cuts would obviously be welcome news for Beco and our customers“.