Posts Tagged ‘feed in tariff’

The Sun is Setting on Solar Feed in Tariffs

Wednesday, September 26th, 2018

Article reproduced with permission of author Gary Brandwood of Perfect Sense Energy

2018 is moving exceptionally quick so far, and that means the end of the Solar feed in tariff scheme is getting closer. As of March 2019, the government will be removing the Solar PV incentive they launched in 2011 but there’s still time yet.

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Why are UK energy prices increasing at such a rate?

Wednesday, September 26th, 2018

Electricity and, to a lesser extent, gas prices have rocketed up over the past 6 – 8 months putting additional pressure on UK businesses. Price have increased in some cases by up to 30%.

Here are just some of the reasons for these unprecedented increases: (more…)

87% cut to solar rebates imminent

Monday, September 14th, 2015

The Department for Energy & Climate Change (DECC) has proposed huge cuts in the feed in tariff rates (FiTs) for solar PV installations of as much as 87% by 1st January 2016.

FiTs provide long-term financial incentives to businesses that generate their own electricity from renewable sources. Once accredited under the scheme, installers are eligible for guaranteed “generation” payments for the power that they generate and “export” payments for additional power that they send to the grid over the life of the generation equipment.

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Energy companies look to recover the cost of feed in tariffs

Wednesday, March 20th, 2013

Scottish & Southern Electricity (SSE) has become the first of the UK’s major energy suppliers to look to recoup the cost of feed in tariffs (FIT’s) from its customers. Those customers will be receiving a letter to explain that they will see a new charge on their future bills of 0.243 p per KwH to cover these additional costs.

So are these new increases fair, are they allowed to add charges, and what about the rest of the suppliers?

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What Are Feed In Tariffs?

Wednesday, March 20th, 2013

Feed-In Tariffs were introduced on 1 April 2010 and replaced UK government grants as the main financial incentive to encourage uptake of renewable electricity-generating technologies

FIT’s achieve this by offering long-term contracts to renewable energy producers, typically based on the cost of generation of each technology. Technologies such as wind power are awarded a lower per-kWh price, while technologies such as solar PV and tidal power are offered a higher price, reflecting higher costs.

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