FITs 'still an effective energy solution' - 03/04/2012
Feed-in Tariffs (FITs) can still deliver cheap energy for the homeowner despite recent changes, according to Be Energy Smart director Charles Dowson.
Speaking at the Ideal Home Show, Mr Dowson was commenting on the government's new tariff levels for the FITs scheme, which came into operation on April 1st.
He admitted the new FITs have had a negative impact on the industry, but the major players in the energy sector were remaining in the market, so it is likely to cope in the long term.
The expert observed the rates needed to come down because previous payback levels were far too high to be sustainable.
Mr Dowson said he expected the long-term future of the solar photovoltaic and wind turbine energy sector to be fine now that there is a properly articulated mechanism for the tariff to be reduced.
"[FITs are still] an effective form of locking in a rate and hedging against future electricity price rises," he added.
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