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<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 [[Feed in Tariff]] ([[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]]:

Latest revision as of 12:31, 8 December 2020

The Feed in Tariff (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:

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