Tuesday, October 14, 2008

U.K. Government to Vote on Renewable Energy Tariff

The Lobby Lords and MPs will be face to face in parliament with the 35 organizations that make up the Renewable Energy Tariff Coalition. They will meet in parliament before the next week’s vote.
The event features a three dimensional 2020 renewable energy town, shows how the Energy Tariff measure can make the towns entirely self-sufficient by producing their own renewable energy. The meaning of measure is that many renewable energy generators and owners could receive a cheque from their electricity company.
Griff Rhys Jones said that the Renewable Energy Tariff gives individuals and businesses an easy and financially attractive way to help combat global warming. He added that on renewable we are the embarrassment to Europe and tariff can turn that around.
The Tariff will decrease the payback times for heat schemes to around 5 years, for larger PV projects it could be 7-8 years.
To get more information on U.K. Renewable energy incentive visit here.