Feed in Tariff: Difference between revisions
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[[Category:Legislation & Policy]] [[Category:Economics]] | [[Category:Legislation & Policy]] [[Category:Economics]] | ||
The '''Feed-in Tariffs (FIT)''' scheme was a government programme designed to promote the uptake of renewable and low-carbon electricity generation technologies. Introduced in 2010, it closed to new applicants on 31st March 2019 and requires participating licensed electricity suppliers to make payments on both generation and export from eligible installations <ref name="foo"> [[Ofgem]], 2019. [https://www.ofgem.gov.uk/environmental-programmes/fit/about-fit-scheme About the FIT scheme. Ofgem]. [online]. [Accessed 30 Oct. 2019].</ref>. From 1st January 2020 it was replaced by [[The Smart Export Guarantee]] ([[SEG]])<ref>[https://www.ofgem.gov.uk/system/files/docs/2020/02/seg_generator_guidance_-_final_for_publication.pdf Ogem Guidance for Generators]</ref>. | The '''Feed-in Tariffs (FIT)''' scheme was a government programme designed to promote the uptake of renewable and low-carbon electricity generation technologies. Introduced in 2010, it closed to new applicants on 31st March 2019<ref>[https://www.ofgem.gov.uk/system/files/docs/2019/03/guide_to_closure.pdf FITs - Essential Guide to Closure of the Scheme Ofgem]</ref> and requires participating licensed electricity suppliers to make payments on both generation and export from eligible installations <ref name="foo"> [[Ofgem]], 2019. [https://www.ofgem.gov.uk/environmental-programmes/fit/about-fit-scheme About the FIT scheme. Ofgem]. [online]. [Accessed 30 Oct. 2019].</ref>. From 1st January 2020 it was replaced by [[The Smart Export Guarantee]] ([[SEG]])<ref>[https://www.ofgem.gov.uk/system/files/docs/2020/02/seg_generator_guidance_-_final_for_publication.pdf Ogem Guidance for Generators]</ref>. | ||
The FIT scheme is available for anyone who has installed one of the following technology types up to a capacity of 5MW, or 2kW for [[CHP]]: | The FIT scheme is available for anyone who has installed one of the following technology types up to a capacity of 5MW, or 2kW for [[CHP]]: | ||
Revision as of 08:13, 14 May 2020
The Feed-in Tariffs (FIT) scheme was a government programme designed to promote the uptake of renewable and low-carbon electricity generation technologies. Introduced in 2010, it closed to new applicants on 31st March 2019[1] and requires participating licensed electricity suppliers to make payments on both generation and export from eligible installations [2]. From 1st January 2020 it was replaced by The Smart Export Guarantee (SEG)[3].
The FIT scheme is available for anyone who has installed one of the following technology types up to a capacity of 5MW, or 2kW for CHP:
- Solar photovoltaic (solar PV)
- Wind
- Micro combined heat and power (CHP)
- Hydro
- Anaerobic Digestion (AD)[2].
All bioliquid stations and solid biomass and/or biogas stations (ie Anaerobic Digestion) ≥1MW must report against and meet particular sustainability criteria in order to be eligible for Renewable Obligation Certificates (ROCs). Solid biomass and/or biogas stations <1MW are required to report against the sustainability criteria, but receiving ROCs does not depend on meeting the criteria[4]. Hence projects that claim under the FIT scheme need to comply with the Biomass Sustainability reporting requirements.
References
- ↑ FITs - Essential Guide to Closure of the Scheme Ofgem
- ↑ 2.0 2.1 Ofgem, 2019. About the FIT scheme. Ofgem. [online]. [Accessed 30 Oct. 2019].
- ↑ Ogem Guidance for Generators
- ↑ Link to Ofgem Website