Feed in Tariff: Difference between revisions
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[[Category:Legislation & Policy]] [[Category:Economics]] | [[Category:Legislation & Policy]] [[Category:Economics]] | ||
The Feed | 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 | 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) | * Solar photovoltaic (solar PV) | ||
* Wind | * Wind | ||
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* Hydro | * Hydro | ||
* [[Anaerobic Digestion]] ([[AD]])<ref name="foo" />. | * [[Anaerobic Digestion]] ([[AD]])<ref name="foo" />. | ||
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 [[Renewables Obligation Certificate| Renewable Obligation Certificates]] (ROCs). | |||
Solid biomass and/or biogas stations <1MW are required to report against the sustainability criteria, but receiving [[ROC]]s does not depend on meeting the criteria<ref>[https://www.ofgem.gov.uk/environmental-programmes/ro/applicants/biomass-sustainability Link to Ofgem Website]</ref>. Hence projects that claim under the FIT scheme need to comply with the '''[[Biomass Sustainability]]''' reporting requirements. | |||
==References== | ==References== | ||
<references /> | <references /> | ||
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