U.K. Says Solar Subsidy Cuts Will Come Into Affect on Aug. 1

The U.K. government will impose cuts on solar subsidies beginning on Aug. 1, a month later than planned, the Department of Energy and Climate Change said in a statement in London today.

The government delivered results of its consultation on support for the industry, proposing a new framework including quarterly revisions to the feed-in tariff program that guarantees above-market rates for electricity from solar installantions.

To contact the reporter on this story: Marc Roca in London at mroca6@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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