The Government's reforms to Feed-in Tariffs aim to move the system to a more predictable, market responsive model, similar to that in Germany, helping to drive down costs and deliver better value to energy consumers while still making solar a sensible choice for those with homes and businesses in the right location. However I am very mindful of the impact this will have on businesses in Dover and Deal.
Today I spoke in the debate on this to emphasise that the decision was to try and help the squeezed middle.
The Opposition seem to be on the side of big business, while we are on the side of the squeezed middle. Does the Secretary of State agree that the £1 figure Ofgem cited was for back in the summer when installations were running at about 2,000 to 3,000 a week, rather than the recent rate of 9,000 or so a month, and would that figure not have grown exponentially over time?
My hon. Friend is correct. I wish the House had facilities to show a PowerPoint presentation at this point, as I am now holding up a chart showing what has been happening with the scheme. The rising curve represents the installation rate increase. The Opposition cite the Ofgem figure of £1, but that applies down in the foothills of the curve, and we are dealing with a rather different real world today. Installed capacity has doubled since August, and has increased by three times since June and by tenfold since the start of the year. The right hon. Member for Don Valley is laughing; she has obviously had no experience of attempting to manage a budget, because if she had, she would not be laughing at all. This adds real costs to the electricity bills of real people—people the Opposition claim to represent.
It has been an honour and privilege to serve as Member of Parliament for Dover & Deal. I hope to be re-elected to serve our community for another term.
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