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Feed-In TariffsThe final package of changes to the FITs scheme has been announced by the Department of Energy and Climate Change (DECC) today, following consultation in February this year. This is part of a comprehensive review designed to ensure value for money for the consumer and long term certainty for those who choose to invest.
The changes will affect tariffs for all newly eligible FITs technologies from 1 December 2012 onwards. Changes to solar tariffs, which have already been announced, will take place from 1 August 2012.
A degression mechanism will be introduced for Anaerobic Digestion (AD), wind and hydro from April 2014 in line with uptake of these technologies. Tariffs will be published two months before the degression date and will be based on publicly-available data. Decisions on the degression mechanism for solar were outlined in the Government response published on 24 May 2012. http://www.decc.gov.uk/en/content/cms/news/pn12_085/pn12_085.aspx |