Thousands of Jobs at Risk over FiT Tariff Cuts
Proposed cuts of 87% to the Feed in Tariff (FiT) proposed by the Government in January 2016 could put thousands of jobs at risk in the renewables sector.
If the cuts go ahead, home owners investing in renewable energy could wait decades for a viable return on their investment thus cutting the fledgling renewables industry apart. FiT payments per unit of electricity produced would drop to less than 2p with property owners receiving approximately £190 less than what they currently receive at the present FiT rates.
NICEIC & ELECSA share grave concerns