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V1300 - Feed-in Tariff Increase Bill 2017 Watch

  • View Poll Results: Should this bill be passed into law?
    As many are of the opinion, Aye
    55.32%
    On the contrary, No
    14.89%
    Abstain
    29.79%

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    V1300 - Feed-in Tariff Increase Bill 2017, The Hon. CatusStarbright MP, The Hon. Saunders16 MP







    Feed-in Tariff Increase Bill 2017

    An Act to increase the feed-in tariff rates to encourage households and businesses to generate their own electricity e.g. by use of solar panels or wind turbines.







    BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:-

    1: Definitions

    (1) Feed-in tariff: a payment made to households or businesses generating their own electricity through the use of methods that do not contribute to the depletion of natural resources, proportional to the amount of power generated.

    2: Tariff Restoration and Adjustment

    (1) The feed-in tariff shall be restored to the levels detailed by the tariff table for 1 January 2016 to 14 January 2016 to promote the use of renewable energies, adjusted by inflation.

    (2) The adjusted tariff table will therefore read as follows:

    Spoiler:
    Show





    Description

    Total Installed Capacity (kW)

    Tariff (p/kWh)

    Standard Solar photovoltaic receiving the higher rate:

    0-4

    12.58

    4-50

    11.39

    50-150

    9.71

    150-250

    9.29

    Standard solar photovoltaic receiving the middle rate:

    0-4

    11.32

    4-50

    10.26

    50-150

    8.74

    150-250

    8.36

    Standard solar photovoltaic receiving the lower rate:

    0-4

    5.99

    4-50

    5.99

    50-150

    5.99

    150-250

    5.99

    Standard large solar photovoltaic:

    250-5000

    5.99

    Stand-alone solar photovoltaic:

    0-5000

    3.22

    Anaerobic digestion:

    0-250

    9.65

    250-500

    8.90

    500-5000

    9.18

    Combined Heat and Power:

    0-2

    14.20

    Hydro:

    0-15

    16.35

    15-100

    15.27

    100-500

    12.07

    500-2000

    9.44

    2000-5000

    2.57

    Wind:

    0-100

    14.52

    100-500

    11.48

    500-1500

    6.23

    1500-5000

    2.63





    3: Commencement, Short Title, Extent and Conditions

    (1) This bill shall come into force upon Royal Assent.

    (2) This bill may be cited as the Feed-in Tariff Increase Bill 2017.

    (3) This bill extends to the United Kingdom.

    Spoiler:
    Show





    Notes

    In January 2016, the government dramatically cut the tariff rates (as you can see from browsing the tables here: https://www.ofgem.gov.uk/environmental-programmes/fit/fit-tariff-rates), which resulted in a drop in the number of solar panel installations in the UK, bankrupting several solar companies (as the Guardian reported in April 2016: https://www.theguardian.com/environment/2016/apr/08/solar-installation-in-british-homes-falls-by-three-quarters-after-subsidy-cuts).

    The cuts have meant that the payback time of such an installation is now much higher, making it far less attractive to homeowners and businesses. Re-increasing the tariff rates would again encourage people to generate their own renewable electricity, thereby suppling the National Grid and aiding the move towards renewable energy sources, which is important for reducing humanity’s impact on the planet.

    This adjustment is a restoration in real terms to the level of the tariffs for 1 January 2016 to 14 January 2016, given the taking into account of inflation (to allow for inflation the figures should be multiplied by 1.02, making 12.33p, for example, 12.58p.) and rounded to the nearest whole pence.


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    While I don't oppose the policy, I can't vote for this without at least an attempt at costing.
    • Political Ambassador
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    Aye. There need to some sort of incentive.
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    Order!
    The Ayes to the right, 26.
    The Noes to the left, 7.
    Abstentions, 14.

    I think the Ayes have it! The Ayes have it! Unlock!!
 
 
 
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