FiT charges to inflate business electricity bills

adminBusiness Electricity, Energy Efficiency, Utilities Market Regulation

Due to the Feed-in Tariff (FiT) costing more than expected, all companies that pay a business electricity bill could face extra charges. Since the 1st April, any household or business that generates their own renewable energy receives a subsidy for every unit of energy they produce. This subsidy is paid for through the bills of those who choose not to … Read More

David Cameron: wind farms ”over subsidised”

adminBusiness Electricity, Energy Efficiency, Utilities Market Regulation

In his most vociferous criticism of green energy yet, the Prime Minister has declared that wind farms have been “over subsidised and wasteful of public money”. Mr. Cameron plans to cut the subsidies for wind turbine construction, forcing them to be built in an economically viable way. He said during the weekly Prime Minister’s Questions “We’re cutting the subsidy to … Read More

5,000 Solar firms go bust in Germany in 2011

adminBusiness Electricity, International

Germany’s once booming solar power industry is declining at an alarming rate, with 20,000 jobs being lost in 2011 alone. Germany once had the biggest solar industry in the world, providing around 150,000 jobs by 2010, but that bubble seems to be starting to burst, as demand for solar technology drops, government subsidies are cut and competition from cheaper Asian … Read More

Jobs created by Obama’s green-tech program

adminBusiness Electricity, International, Utilities Market Regulation

The USA’s $38.6 billion “green-tech” program has so far only created a fraction of the green jobs that were promised. Various media outlets around the world are reporting on what’s becoming known as the Solyndra Scandal. Solyndra was a company that made solar panels, and was funded by Obama’s green-tech subsidy program. “The future is here” said Mr. Obama, when … Read More