The UK Government introduced the Feed-in Tariff scheme in April 2010 to incentivise small scale, low carbon electricity generation.
Feed-in Tariff rates will drop on the 1st August 2012, with the tariff for a small domestic solar installation set at 16p per kilowatt hour, down from 21p. In an attempt to maintain investor certainty there are scheduled cuts on a three-month basis thereafter, with pauses if the market slows down. All tariffs will continue to be index-linked in line with the Retail Price Index (RPI).
company position statement
SmartestEnergy has always been supportive of the FiT scheme and it has proved successful in encouraging additional investment in renewable energy generation. The announcements by DECC in July saw modest reductions for most generation rates which we believe is fair. We also agree with the creation of a new hydro band in an attempt to combat perverse incentives to undersize projects.
We welcome mutualisation of shortfalls within the FITs levelisation arrangements. We believe that DECC should also consider making remotely-read half-hourly metering a compulsory requirement for all ROO-FIT accredited sites greater than 100kW.
lastest policy updates
To keep up to date on the latest news and policy updates on the Feed-in Tariff visit our Feed-in Tariffs news archive.