Whilst I've been away a lot of interesting things have been happening - mainly centered around the creation of DECC (although that website still needs a bit of work!).
Included within the changes being proposed is the inclusion of feed in tarriffs. Here electricity suppliers are told that, for every MWh of electricity they generate, they will receive a fixed subsidy (in addition to the revenue they receive from the generated electricity).
The current scheme is more complicated and as such cannot give a clear price as to the level of subsidy which it will provide.
Generally I think that feed in tarriffs are seen as more efficient (at getting renewables created) than ROCs. They may also be cheaper.
So far the statement by Miliband on an amendment to include feed in tarriffs requires that such tarriffs will only apply to the smallest (probably domestic) generators.
Extending this concept, sweeping the renewables obligation away and replacing it with a system of feed in tarriffs may be a good idea, increasing the rate at which renewables are deployed in the country, but it may destroy any investor confidence which still exists.
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