The Department for Energy and Climate Change (DECC) has today published the results of the comprehensive review of the Feed-in Tariff.
Regen SW Members' received a briefing about the proposed changes this morning and Alasdair Grainger, the FiT review lead from DECC, will be speaking and spending the day with us to take questions at our Renewable Futures Conference on 9 November 2011 in Bath.
We have summarised key points below:
As rumoured, there is a fast-track review of the FIT, with changes to tariffs due to come into force for installations completed and registered after 12th December 2011. Installations completed and registered before this date will be unaffected. Installations registered after 12th December will receive the current tariff rate up until the 31st March and then receive the reduced to rate from 1st April 2012. Installations after 31st March 2012 will start off at the new tariff rates and potentially be subject to caveats based upon the energy efficiency rating of the registered property where the installation is sited.
Proposed new tariff rates:
Band (kW) Current generation tariff (p/kWh) Proposed generation tariff (p/kWh)
≤4kW (new build) 37.8 21.0
≤4kW (retrofit) 43.3 21.0
>4-10kW 37.8 16.8
>10-50kW 32.9 15.2
>50-100kW 19.0 12.9
>100-150kW 19.0 12.9
>150-250kW 15.0 12.9
>250kW-5MW 8.5 8.5*
stand alone 8.5 8.5*
*These are the current tariffs, which we are not proposing changing and which, like all other current tariffs, will be adjusted in line with the Retail Price Index from 1 April 2012.
Regen SW will also be lobbying hard for the government to revert the date for the tariff change back to 31 March 2012. To learn about the lobbying activity Regen SW is undertaking visit regensw.co.uk/news/2011/10/28/fit-review