Paul Roche: give consumers better financial incentives.

SIG seeks incentives for greater green power

Published:  22 July, 2009

SHEFFIELD: SIG Sustainable Solutions is calling on the Government to increase the Feed in Tariff fee level as a means of incentivising consumers to invest in this technology.

The proposed fees levels for Feed in Tariff, a key means of incentivising homeowners and businesses to generate their own green power, were laid out in the Government's Renewable Electricity Financial Incentives consultation, which closes on 15 October 2009.

Paul Roche, director, SIG Sustainable Solutions said: "The proposed fee of 36.5p/kW hour for energy generated using photovoltaic cells shouldn't be dismissed, but a minimum rate of 40p/kW hour would be more effective in getting homeowners and businesses to commit to investment in the technology and in generating their own renewable energy.

"In Europe, the huge uptake of photovoltaic cells among domestic and commercial property owners is due to having a strong Feed in Tariff rate in place.

“The UK needs a flat tariff for the first five years to drive and promote uptake in Feed in Tariff and then introduce a lower degression rate, in line with the rest of Europe, pitched between one and two per cent."

Mr Roche also stated that in the UK alone, the potential photovoltaic market is estimated to be worth around £27bn.

“If we get the Feed in Tariff right, it would provide a welcome boost for a range of sectors across the wider construction industry.

"If we are serious about meeting our renewable obligations, tacking climate change and lowering energy bills in the long-term, we need to give people the right financial incentives."

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