FITs: unfit for the budget

The Chief Executive of Good Energy, a renewable power supplier has criticised the budget for not including enough provision for start-up renewable businesses. Juliet Davenport, said: “The government is taking […]

Register now!

By Tom Gibson

The Chief Executive of Good Energy, a renewable power supplier has criticised the budget for not including enough provision for start-up renewable businesses.

Juliet Davenport, said: “The government is taking the view that FIT is a burden on the consumer. We think this is misguided, FITs are a great way of helping families and businesses reduce their electricity bills by giving them more control of their energy use.”

She said the budget seemed confused and that Government departments weren’t working together to encourage grotwth in low carbon businesses: “Buried in the middle of the document is the news of improved funding terms for both the Enterprise Investment Scheme and Venture Capital Trusts, schemes which are designed to encourage new businesses and entrepreneurs in the UK. However, there is one category of business which is specifically excluded: Feed-in Tariffs.”

“Once again, there seems to be no joined-up thinking between DECC and the Treasury. While DECC has said that Electricity Market reforms should see FIT be used to help grow low-carbon generation, the Treasury seems to be directly standing in the way of green entrepreneurs. If the government doesn’t address these issues the green energy revolution will be over before it’s even started.”