February 19, 2010
The Conservative Party has promised to reward early adopters of microgeneration technology by modifying the rate at which businesses and homes that adopted renewables before July 15th 2009 are paid.
Currently the pioneers will be paid nine pence per kWh of electricity they produce compared to 20-25p/kWh for those taking on the renewable technology for the first time, BusinessGreen reports.
The government backed their proposed rates and claimed that giving everyone the same rate might not attract newcomers to the scheme while costing more at the same time.
In a letter, Conservative shadow minister for Energy, Industry and Postal Affairs Charles Hendry said: "I understand the frustration at the system which has been put in place for those of you who were early users of microgeneration.
"It is…clearly unfair to you that you will remain on the current funding mechanism. You will be pleased therefore to hear that we have decided that if a Conservative government is elected we would ensure that microgeneration equipment installed before FiTs come into effect will nevertheless be entitled to the same terms as new installations."
Rapid Electronics is a leading UK supplier of energy saving products, electronic components and electrical equipment.
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