The Department of Energy and Climate Change (DECC) is proposing to cut the feed-in tariff rates for solar PV installations by as much as 87%.
Publishing the outcome of the long-awaited feed-in tariff review, the government is proposing deep cuts to all bands from 1 January 2016.
Below are the proposed generation tariffs for 1 January 2016:
|Capacity||Feed-in tariff rate (p/kWh)|
The Feed-in Tariff (FiT) scheme was set up in 2010 to promote small-scale renewables by ensuring householders, communities or businesses are paid a set tariff by electricity suppliers for the power their projects generate.
Despite its success, government officials once again fear renewable energy subsidies are set to bust through the Treasury-imposed spending cap, known as the Levy Control Framework (LCF), pushing up “green levies” for bill payers.