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Feed-in Tariff Phase 2B consultation results announced

The results of the Governments Phase 2B Feed-in Tariff review have been announced.  The key points are:

Technology

Power
output band

FiT from
1st Dec 2012

Wind

>100 kW – 500 kW

17.5 p/kWh

Wind

>500 kW – 1.5 MW 9.5 p/kWh

Hydro

>15 kW – 100 kW

19.6 p/kWh

Hydro

>100 kW – 500 kW

15.5 p/kWh

Hydro >500 kW – 2 MW

12.1 p/kWh

The cuts in the wind FiTs were as expected, and it is good to see that the hydro tariffs have stayed the same, or in the case of 100 kW – 500 kW actually gone up to 15.5 p/kWh, which was not expected but shows that the Government have listened to ours and other’s responses to the consultation.

The RPI-link has been kept, which is also welcome.

Pre-accreditation for FiTs will be introduced for projects than have secured all consents and a grid connection offer.

On the downside, annual degression of the tariffs of between 2.5 and 20% will be introduced from 2014, with the amount of degression dependent on how much capacity has been installed up to that date.

Are you considering a low carbon renewable energy project?

Renewables First have considerable experience and full project capability, from initial feasibility studies through to system design and installation for wind and hydro power systems.

Read more about renewable energy in our Hydro Learning Centre and Wind Learning Centre. Alternatively, take the Wind Site Self Assessment or contact us about a hydropower feasibility study today.