Feed in Tariff - Useful information
The Feed in Tariff (FiT) is a clean energy cash back scheme that was introduced in 2010 to help increase the level of small scale renewable energy installed in the UK to help meet our legally binding target of 15% of total energy from renewables by 2020. It provides a guaranteed payment for all electricity generated by specific renewable electricity systems for 20 years.
The scheme also provides a separate payment for the electricity exported to the grid.
An easy to navigate web-link to keep up to date with tariffs: www.fitariffs.co.uk/
Generation tariff – a set rate paid for each unit (or kWh) of electricity generated. The tariff applicable to a specific installation is dependant of the technology, size and year of deployment. The applicable tariff is fixed for 20yrs and is linked to the retail price index.
Export tariff – for electricity that is not used on-site and is exported to the grid, a further 4.5p/kWh will be paid. This rate is the same for all technologies.
Energy bill savings –the above payments are provided over and above the electricity savings made through using renewable electricity generated on-site, avoiding the need to purchase more expensive electricity from the grid.
Get more information: www.gov.uk/feed-in-tariffs
UK Regulatory Bodies
DECC Government Dept responsible for energy supplies and climate change mitigation who operate the Feed in Tariff
Current FIT tariff table - from: www.fitariffs.co.uk/eligible/levels/