Government scheme 'can reduce homeowners' payments to dual fuel providers'

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Households across Britain may find they are soon paying less to dual fuel providers as a result of one of the government's energy schemes.

Laurie Eve, director at Source Renewable, explains the feed-in tariffs (FITs) project has had a significant impact on the home power sector already.

He notes it has "really kickstarted" the market and made green energy a realistic prospect for many people.

"Before the FITs, a solar photovoltaic installation would probably take 25 to 30 years to pay for itself, whereas now a typical domestic installation would take eight to ten years to pay for itself," the expert states.

The immediate result of undertaking the scheme is likely to be a reduction in the amount paid to dual fuel providers through smaller bills.

Green insurance provider Naturesave recently announced it is launching a special policy for green energy customers, which it suggested can help to bring forward eco-friendly installations.

Posted by Richard Eden

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

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