UK Feed in Tariff to subsidise renewable electricity generating systems

From PassREg - Solutions Open Source
Jump to: navigation, search

In 2011 the UK Government introduced the Feed in Tariff scheme (FIT) to subsidise investment in relatively small scale (<5MW) electricity producing systems. The source of funding is placed as an obligation on Utility providers (essentially paid for via a cost levy on consumers). The payment received is broken into two separate parts; the Generation rate, which gives a payment for every kWh electricity produced by the system regardless of where it is used, plus the Feed in rate, which gives a payment for every kWh electricity exported back to the electricity grid. Applicable technologies and rates can be found http://www.energysavingtrust.org.uk/Generating-energy/Getting-money-back/Feed-In-Tariffs-scheme-FITs Such funding can obviously help to recover the costs of electricity producing systems that are incorporated into Passivhaus buildings in the UK.