Posts Tagged ‘FIT’

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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Reduced energy prices – how much will you actually gain?

Monday, January 12th, 2015

With the widely reported reduction in wholesale energy prices and the clamour to get the suppliers to reflect these reductions in their prices, just what benefit will you gain from this?

Not all of what you pay in your energy bill is made up of the energy you use, in fact there are a number of charges that make up your final bill. So what do your energy costs consist of?

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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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