Feed in Tariff: Difference between revisions

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:

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

[1] FITs - Essential Guide to Closure of the Scheme Ofgem

[foo-2] 2.0 ^2.1 Ofgem, 2019. About the FIT scheme. Ofgem. [online]. [Accessed 30 Oct. 2019].

[3] Ogem Guidance for Generators

[4] Link to Ofgem Website

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[2]

[3]

[4]

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 [[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]]: