Opinion

Editorial: New year, brave new world for start-ups

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  1. It seems that readers are a little behind the curve on the Solar Feed-In Traiffs and have taken at face value government pronouncements. Although government want people to believe that the Solar FiT is paid by them and is government largesse, it is not. The FiT has no impact upon government finances, deficit reduction, or the spending review. The Fit is paid by the Big6 energy companies from a levy they collect from their customers. This does have an impact on energy bills but is a very small amount, not the sums (changed almost daily) announced by DECC. It must also be remembered that the Big6 buy electricity from microgenerators at 3.1p which they then sell to customers at 14p plus. Do not be fooloed into thinking that the FiTs are paid from taxation, they are not.

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