Following months of consultation and strong lobbying on the part of the solar industry, the U.K. Department of Climate Change (DECC) has today released the new FIT rates for renewables.
Hailed a partial victory by industry, the cuts will not be as severe as originally planned (see table below), although the new quarterly cap introduced could prove damaging, says the Solar trade association (STA). The cuts will come into effect on February 8, 2016, with the deadline for projects to receive the current higher tariffs now January 15. A total of £100 million has been made available for FITs.
Adopted FITs (p/kWh)
Proposed FITs (p/kWh)
Current FITs (p/kWh)
Newly introduced are the quarterly caps on installation amounts (see following table). STA says there are "serious concerns" over the cost control mechanism. Specifically, it believes it could lead to "damaging stop-starts in the market."
"The Government has put maximum caps on the total amount of solar it wants to see installed in every quarter. This could be very damaging, although they do appear to have taken on board requests for unused capacity to be recycled from one quarter to another and a queuing system for projects that dont get in on time," it comments in a statement released.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
Elsewhere on pv magazine...
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.