Feed in tariff

On the 14th October in the House of Lords a coalition of MP’s, Lords and a variety of organisations will be supporting the feed in tariff.

Seventeen European countries have adopted a feed-in tariff system with considerable success. In Germany the feed-in tariff generated 14.2% of its electricity from renewable sources, in the UK less than 5% of all electricity is generated from renewables.

The conservatives are pledged to a feed in tariff, even Gordon’s Browns work by Stern on climate change supports it Stern review p366:
"Both sets of instruments have proved effective but existing experience favours price-based support mechanisms. Comparisons between deployment support through tradable quotas and feed-in tariff price support suggest that feed-in mechanisms achieve larger deployment at lower costs. Central to this is the assurance of long-term price guarantees. The German scheme...provides legally guaranteed revenue streams for up to twenty years if the technology remains functional. Whilst recognising the importance of planning regimes for both PV and wind, the levels of deployment are much greater in the German scheme and the prices are lower than comparable tradable support mechanisms (though greater deployment increases the total cost in terms of the premium paid by consumers). Contrary to criticisms of the feed-in tariff, analysis suggests that competition is greater than in the UK Renewable Obligation Certificate scheme. These benefits are logical as the technologies are already prone to considerable price uncertainties and the price uncertainty of tradable deployment support mechanisms amplifies this uncertainty. Uncertainty discourages investment and increases the cost of capital as the risks associated with the uncertain rewards require greater rewards."

The question is why is it not yet in the energy bill?