The Department of Energy and Climate Change (DECC) has today confirmed that mechanisms supporting renewable energy like FiT, ROC and CfD will not be affected by the green levies review announced last week by Prime Minister, David Cameron. Today?s confirmation came after the British Photovoltaic Association contacted DECC seeking clarification on the potential impact of the review on the Solar PV market.
Consumers are understandably angry about the latest energy price rises, green levies have come under fire as contributing towards higher bills. But the reality is that green taxes average less than 9% of household bills, while the energy supplier?s profit per household has more than doubled from £45-£95 in the last 12 months, confirmed by OffGem.
The overwhelming issue that must be tackled is our dependence on fossil fuels and subsequent wholesale prices, or we have no hope of reducing energy bills. Supporting renewable energy is a major part of decarbonising our energy. Put simply, subsidies like the FiT are the only part of the energy bill that are contributing to bringing down the cost of energy in the future.
If you are a property owner who would like to reduce your dependence on fossil fuels and bring down your bills by generating your own renewable energy, EnergyMyWay can help you.
We have renewable energy solutions for your electricity (Solar PV), heating (Biomass or Heat Pumps) and hot water (Solar Thermal or Hot Water Heat Pumps). Your EnergyMyWay regional director will give you the best advice on the right solution for your property and ensure you benefit from the subsidies that continue to support your decision to opt for cleaner, greener energy.