Solar Industry News
SolarUK Ltd maintains a watch on current news about our industry. We have presented our up to date list of news items below.
Brexit could see ‘greater levels’ of new energy capacity but ‘increase bills'
Economics consultancy Oxera has suggested that the energy market stands to be significantly disrupted in the event of a vote to leave the EU, particularly in relation to the country’s policy of importing energy from continental Europe through its interconnectors.
This energy, Oxera said, is effectively subsidised to the tune of between £8 and £8.50 per megawatt hour due to the differences in carbon prices and generator charges between countries, effectively distorting the UK’s own energy sector.
Source: solaruk, Date and Time of entry: 20 June 2016 17:12
Consequences of investing in renewables!
German wholesale electricity prices briefly go negative, people are being paid to use electricity!!!
Source: solaruk, Date and Time of entry: 20 June 2016 17:11
South Austrailia becomes self sufficient on Renewable Energy
South Australia runs entirely on renewable energy following coal plant closure
Source: solaruk, Date and Time of entry: 20 May 2016 08:25
Self Sufficiency in energy in Portugal
Portugal runs for 4 days straight purely on renewables
Source: solaruk, Date and Time of entry: 20 May 2016 08:24
No change to VAT on Solar until 2017
In spite of the European court ruling that the 5% vat rate on Solar was an incorrect interpretation of the VAT rules HMRC have decided not to put the rate up to 20%!
Source: solaruk, Date and Time of entry: 14 April 2016 07:47
Battery Storage solutions are here
Excess solar energy from PV panels can now be economically stored and used to power households when the sun goes in.
Source: solaruk, Date and Time of entry: 24 February 2016 15:16
FIT accreditation to close hours earlier than expected
Firms seeking to make last-minute online applications for solar systems under the current feed-in tariff have been given even less time to act due to online registration portals closing early today.
A message displayed on Ofgem’s Renewables and CHP Register claims the register will be unavailable between 5-10pm to allow the regulator to process the large volume of applications for FIT Preliminary Accreditation (PA).
Source: solaruk, Date and Time of entry: 14 January 2016 17:08
Government sets future domestic feed-in tariff rate at 4.39p per kWh
Any installation made after 15th Jan 2016 will not be eligible for the previous rates and will receive the new 4.39p rate from 8 February onward. The first rate will run from 8 February to 31 March, after which degressions will begin to occur.
Source: solaruk, Date and Time of entry: 17 December 2015 08:24
Ofgem publishes prospective FiT rates for 1 January
Energy regulator Ofgem has published prospective feed-in tariff rates for solar PV which will come into force on 1 January providing proposals to cut the FiT dramatically have yet to be enacted.
Source: solaruk, Date and Time of entry: 02 December 2015 05:58
New feed-in tariff regime may not come into force until March 2016
A DECC spokesman confirmed to Solar Power Portal that these changes would require 40 parliamentary days. Parliament is scheduled to adjourn for Christmas between 17 December and 5 January 2016, and later between 11 February and 22 February 2016.
Therefore depending on when a response is forthcoming, it could be until March 2016 that the feed-in tariff rate is amended to new proposals, far beyond the 1 January date set out in the impact assessment.
Source: solaruk, Date and Time of entry: 02 December 2015 05:57