Ofgem have announced changes to Feed-in Tariff rates (FiT) for solar photovoltaic (PV) installations which will commence from 1st January 2014.
After all tariff rates were fixed during the current quarter (1st October 2013-1st January 2014), FiT rates for installations >50kW will be decreased by 3.5% across the board in the New Year. The smaller tariff bands will remain unaffected by tariff rate degressions.
The new Feed-in Tariff rates are as follows:
Description
1st October 2013 – 1st January 2014 Standard Tariff (p/kWh)
1st January 2014 – 1st April 2014 Standard Tariff (p/kWh)
<4kW New Build
14.90
14.90
<4kW Retro Build
14.90
14.90
4 – 10kW
13.50
13.50
10 – 50kW
12.57
12.57
50 – 100kW
11.10
10.71
100 – 150kW
11.10
10.71
150 – 250kW
10.62
10.25
250kW – 5MW
6.85
6.61
Standalone
6.85
6.61
The new FiT rates will apply from 1st January 2014 until at least 1st April 2014.
Don’t miss Duncan Renewables at this year’s Renewable Energy Exchange (REX) event at The Pavilions, Harrogate on Wednesday 6th November.
REX events are ideal for landowners, farmers, businesses, schools and all others looking to invest in renewable projects and take advantage of the FiT, RHI and Green Deal schemes.
This networking event creates a market-place that enables those interested in investing in renewable technologies to have a series of pre-arranged appointments with potential suppliers and attend a programme of roundtable discussion groups. Buyers can then review their options and make well-informed decisions as to the best technology to use and the right installer to work with.
On the run-up to the event, buyers go online and select the individuals whom they would like to have an appointment with. All meetings are then pre-arranged and scheduled on the basis of mutual interest. This service is now LIVE!
Mark Duncan will be hosting two roundtable discussions:
12:00 – 13:20 Solar PV – commercial installations explained step-by-step
13:40 – 15:00 Biomass Heating and the Renewable Heat Incentive – your questions answered
Energy price hikes, Lego bricks inspiring the future of Solar PV and the full breakdown of your household energy bills; it’s the Duncan Renewables Weekly News Round-Up!
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British Gas to raise energy prices by 9.2% – BBC News (17/10/13)
After SSE was the first major energy company to announce a price hike of 8,2% from 15th November 2013, British Gas, another one of the ‘Big 6’ UK energy companies is also set to raise energy bills.
Outdoing SSE, British Gas announced this week that dual-fuel bills will be going up by 9.2% from 23 November.
Although the Centrica, British Gas’ parent company, “understands the frustration” of prices rising faster than incomes; the average household bill is still set to increase by an average of £123 per year. The increase, which will affect nearly eight million households in the UK, includes an 8.4% rise in gas prices and a 10.4% increase in electricity prices.
Which of the biggest UK energy companies will announce price hikes next? Have you considered investing in renewable energy to combat raising energy prices?
Read more about the aftermath of the announcement here
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It’s that time again! The Duncan Renewables weekly news round-up is back with all of the latest news from the renewable and general energy sector.
_______________________________________________________________ Department of Energy and Climate Change (DECC) launch the “Roadmap to a Brighter Future” – DECC 10/10/13
Installed solar PV capacity increased 25-fold from 94 MW at the end of 2010 to a staggering 2,413 MW at the end of June 2013. Ministers have now recognised the potential contribution that solar PV’s can bring to the UK economy. With the launch of the “Roadmap to a Brighter Future”, ministers have set out the vision for the future of solar PV ahead of the UK’s first ever Solar PV strategy, which will be published in spring next year. This roadmap will plan how the government and the overall solar PV sector will achieve certainty for investors, developers, households and businesses and further build on its unprecedented growth.
Minister Greg Barker officially launched the Solar Roadmap stating that “Solar PV has now taken its rightful place as a mainstream renewable energy technology” and that it is “at the centre of the Government’s policies to achieve our 2020 ren...
Flat-pack solar panels heading their way to the UK – Guardian 04/10/13
Swedish flat-pack furniture giant IKEA are to start selling residential solar panels at its stores in Britain. This is in a move aimed at bringing renewable energy to the domestic market.
With a standard, 3.36 kilowatt system for a semi-detached home costing £5,700, shoppers won’t even have to assemble the installation themselves as an in-store consultation and design service incorporating installation, maintenance and energy monitoring services will be included in the price.
Ikea’s attempt at widening domestic accessibility to solar panels has been well-received in the environmental industry with the Minister of State for Energy and Climate Change, Greg Barker having welcomed the news by stating that “well sited panels will offer a sensible, attractive return.”
Read more here
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Global solar installation growth to reach three year high – Renewable Energy Focus 02/10/13
Driven by increasingly low system prices and the continued rate of installations in emerging markets, Global PV installations are forecast to rise at the fastest pace si...
