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Showing posts with the label electricity

Solar Electricity Tariffs

"Homeowners will have to spend more to qualify - http://t.co/VMFcsHrc - but we do need to prioritise." @EcoWarriorMe The recent announcement by the government to cut feed-in tariffs for solar electricity generated by householders has quite rightly faced heavy criticism. Installation of solar panels under the scheme has led to significant growth in the sector, creating employment as well as green electricity. Changing the goal posts at short notice jeopardises this genuinely sustainable economic growth but it also undermines confidence in any future initiatives. Another part of the changes to the feed-in tariff is to restrict the scheme to homes that are already energy efficient but this is not necessarily a bad thing. "Some 86% of the UK’s homes do not meet the ‘C’ energy rating standard that properties will need to qualify for the feed- in tariff"  The Guardian In homes with a poor energy rating, it is cheaper to implement energy saving measures than to overa...

Energy Market Reform

There has been a lot of discussion recently about rising domestic energy prices and competition failures in the market, most recently the figures published by Ofgem on the profit made per customer by the big six energy suppliers. While these snapshot figures may not be particularly helpful in telling the whole story, they certainly reveal enough to raise the issue to the top of the agenda. The market is poorly functioning and there is too much complexity, lengthy tie-ins on the best deals and better deals for new customers.  This is an inevitable consequence of different suppliers selling essentially an identical product, with price being the only comparison.  The lights aren't brighter with electricity from one supplier compared with another, only cheaper or dearer.