Feed In Tariff Scheme rates announced! fit table

On 1st February 2010, Ed Milliband announced the final details to complete the Feed In Tariff scheme commencing in April 2010.

The good news is that the rates are much higher than proposed in July 2009, will now run over 25 years, is index linked and confirmed as tax free.

This now confirms Renewable power installations as a far better investment that anything the local high st bank can offer.

Reproduced to the right is the payback table of system types and sizes, with the amount of payback (per generated kWh). More info can be found here

This rate is paid for all power you generate, which means you can use as much of your generated power as completely free electricity! It is estimeted you will use around 50% of your generated power every year, thus saving even more on your power bill.

 

DECC statement link

 

 

Only Ofgem listed Electricity companies, listed here will be licensed for FiTs and able to buy your Green generated power on the Feed in Tariff scheme.

Good Energy have over a 1000 home generators under their belts already and are well placed in the UK renewable power market to drop into the FiT scheme when launches. See Good Energy's FiT info page

Scottish & Southern are still showing older FiT information on their website, which is long overdue an update. There is however a dedicated renewables phone line to call, who should be able to give you further information. Scottish & Southern and Southern electric are one of the suppliers that so far have always installed an import/export meter at all customers with renewable power, and will probably continue to do so.

Ecotricity The old Renewable Rewards schemes has been upgraded to a whole new 'Microtricity' initiative. Looks good and embraces FiT wholeheartedly!

N Power Have also yet to update their website, and we are awaiting a statement from them on their approach soon.

 

As mentioned above, only licensed supply companies can offer FiTs, the OFGEM list is here

Only MCS approved products and installers can be used on a renewable power installation expecting to obtain FiT payments. We are an MCS approved installation company, registration number 1319.

Further resource on the Feed in Tariff scheme:

Energy Saving Trust Website

OFGEM Feed in Tariff webpage

Microgeneration Certification Scheme

 

email: enquiries@chrisrudge.co.uk