Feeds

Electricity price surges could boost solar market

Putting the greens back in the green

Internet Security Threat Report 2014

Rising electricity prices could be good news for the UK's fledgling solar power industry, according to a report from ENF, a solar power broker and market research group.

In the catchily named The New Emerging UK Solar PV Feed-in Tariffs - Transforming the economic case for domestic solar PV systems, ENF identifies recent changes in the UK that have improved conditions for makers of solar power systems. There are two strands to the changes: firstly electricity is getting more expensive, and secondly, it is becoming economically more feasible to invest in solar power systems.

Not only have electricity prices risen substantially in the last year or so, there is also an expectation that prices will continue to rise, ENF says.

ENF reckons more people will be willing to invest in the very expensive solar kit, because there are more ways for them to make a bit of cash back.

UK power companies are required to source a certain proportion of their electricity renewably (this rises to 15 per cent by 2015). ENF notes that more companies are now willing to deal with the complexity of buying their so-called Renewable Obligation Certificates from customers with solar panels, or other forms of renewable power generators.

People can also make a bit of money by selling their excess electricity to the power comapnies. ENF says that four suppliers are now offering "much improved" feed-in tarrifs. This is the price per unit of electricity that a utility or supplier pays for renewable electricity from private generators.

There are still caveats: ENF does not expect the market in the UK to do as well as the German market, and the improvement will not be spectacular.

But Stephen Temple the CTO of ENF, says "A very bleak UK story has been gradually transformed to a more encouraging picture, almost without anyone noticing it."

"The UK has three key challenges," he adds. "The red tape needs to be slashed, there is still some ground to make up on the incentives and the local distribution industry needs better scale economies. Get these things right and a UK installed base of over 1 GW peak of solar energy by 2015 becomes a real possibility."

The report is available to buy from the ENF website here®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.