Nia Griffith
Main Page: Nia Griffith (Labour - Llanelli)(12 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Gregory Barker
That is absolutely right; my hon. Friend is spot on. Under the scheme we inherited from Labour, a very small number of people were enjoying bumper returns. Our improved scheme is much fairer. Under it, there will be far more deployment and at a fairer rate, which will be better news for consumers—who, as my hon. Friend rightly points out, pay for this through their bills.
Nia Griffith (Llanelli) (Lab)
Given the shattered consumer and business confidence following the fiasco before Christmas, has the Minister conducted any analysis of how many people will take up the FITs on a 13.6p return? I am also concerned that this new scheme might exclude a lot of people who are not in a position to have loans out for a very long time and who need to get the money back more quickly.
Gregory Barker
We expect to see two and a half times more installations by 2015 than under the original scheme introduced by the Leader of the Opposition when he was Energy Secretary, and we also expect that that higher level of deployment will be delivered for far less money. We therefore believe we have struck the right balance between consumers and having a higher level of ambition. Our scheme will be predictable: it will offer greater transparency, and it will offer certainty to the industry.