RHI Scheme updates prompt early action

alt tag goes here

News article

RHI Scheme updates prompt early action

June 2013

renewable energy news
The Government has announced several updates to its Renewable Heat Incentive (RHI) scheme including a tariff degression on medium biomass and a consultation on increases to other tariffs.  
 
DECC has introduced a degression based approach similar to that of the Feed-in Tariffs scheme, reducing tariffs available to new applicants if uptake of the technologies supported under the scheme is greater than expected. 
 
Following an estimate of spend for the following twelve months, medium biomass (200kW to 1 MW) is expected to exceed its expenditure threshold ‘trigger’ of £20.1 million, and as a result the tariff will be reduced for new accreditations by 5% from 1 July 2013. Tier one tariffs will be reduced from 5.3p/kWh to 5.0p/kWh, and tier two tariffs from 2.2p/kWh to 2.1p/kWh. No other tariffs are affected.  
 
Future announcements will be made by September 2013, December 2013 and March 2014. Uptake data will be published online on a monthly basis so progress towards the pre-determined trigger points can be assessed. 
 
Dan Thory of Fisher German comments: “Overall the RHI scheme is underperforming, but this new budget management approach and tariff degression underpins the need to act soon if you are considering a small to medium sized biomass installation”. 
 
Following substantial underspend in 2012-13 for non-domestic technologies other than medium biomass, DECC has announced a consultation on increases to other tariffs. This consultation closes 28 June 2013. Large scale biomass (over 1 MW), ground source heat pumps (GSHPs) and solar thermal (up to 200kW) are in line for increases, and any installations accredited from 21 January 2013 will benefit from these changes.
 
The proposed changes are as follows:
 
 


Dan continues: “From next April several of the renewable heat tariffs are effectively being doubled, which should offer further opportunity and incentive for those looking to install technologies such as large scale biomass and ground source heat pumps.

The domestic and non-domestic RHI schemes are largely targeted at those living off the gas grid, and therefore are of particular interest to farmers and rural communities."

If you are considering a renewable heat installation or would like some further information on the RHI scheme contact Rebecca Seaman 01858 411219 or Dan Thory 01858 411226. 

Click here to read more about biomass opportunities.

alt tag goes here
latest news

latest news

alt tag goes here
alt tag goes here
forthcoming events

forthcoming events

alt tag goes here
Lorem ipsum
Copyright © 2015 Fisher German    All rights reserved   |   Privacy Policy  |   Site Map   |    Accessibility                                                            Created by Supadü
alt tag goes here
Site Search
Awards logo - winner
facebook-social-icon
facebook-social-icon