BREAKING NEWS: The Supreme Court has today thrown out the government's appeal against a previous ruling that deemed its controversial changes to solar feed-in tariff (FIT) incentives as unlawful.
This ruling means that companies who installed panels between December 2011 and March 2012 will receive the high feed-in-tariff rate of 43.3p kWh instead of the 21p/kWh initially proposed by the government.
This long awaited decision finally closes the door on the drawn out saga generated by the government and highlights their ‘unlawful’ attempt to cut the feed-in-tariffs (FiT’s) at an unprecedented rate last year.
Even though the decision is one step forward for solar, fresh cuts are anticipated as the FiT’s will undoubtedly continue to exceed its budget this year allowing the government to bring out a second round of cuts to the incentive scheme.
"The extra money DECC will now have to commit leaves us with serious concerns about the remaining FIT budget, which remains constrained under the Levy Control Framework," said Paul Barwell, chief executive at the Solar Trade Association.