Renewable News Round-Up - 7/11/14
Tariff cuts and speculation on future cuts are rife in this News Round-Up. Affected tariffs include the Feed-in Tariff (FiT) and the Non-domestic RHI. With tariffs likely to be subject to further cuts, don’t miss out on meeting Duncan Renewables at the North-East Renewable Energy Exchange on 20th November to find out how best to invest in renewable technology!
3.5% FiT degression confirmed for January 2015 – 3rd November 2014
Ofgem has confirmed that as of 1st January 2015, all tariff bands <50kW in the feed-in tariff (FiT) will degress by 3.5%.
The FiT rates for installations with an eligibility date on or after 1st January 2015 will be as follows:
|Description||1st October 2014 – 31st December 2014 Standard Tariff (p/kWh)||1st January 2015 – 31st March 2015 Standard Tariff (p/kWh)|
|<4kW New Build||14.38||13.88|
|<4kW Retro Build||14.38||13.88|
|4 – 10kW||13.03||12.57|
|10 – 50kW||12.13||11.71|
|50 – 100kW||10.34||10.34|
|100 – 150kW||10.34||10.34|
|150 – 250kW||9.89||9.89|
|250kW – 5MW||6.38||6.38|
Due to this forced degression, solar experts are concerned about 2014’s weaker than anticipated domestic and commercial solar PV rooftop market. Despite the domestic sector establishing itself as the main contributor to Solar PV deployment since the introduction of the FiT, trends suggest that ground-mount solar capacity is likely to overtake roof-mounted capacity by the end of 2015. This comes after latest figures show UK solar PV deployment in terms of roof-mounted and ground-mounted capacity to be approaching 50:50 respectively.
Read more here
Another Non-domestic RHI cut on the way? – 31st October 2014
The latest official accreditation figures between July and September 2014 show the number of accredited full applications to have increased by 93% on the same quarter last year. DECC accredited 1,239 full applications and seven preliminary applications in the 3rd quarter of 2014. This brings the total number of accredited installations to 6,061 since the scheme was launched in November 2011.
Despite the previously anticipated 10% cut in the RHI for Small Commercial Biomass from the 1st October 2014, where the tariff dropped from 8.4p/kWh to 7.6p/kWh, the latest deployment figures suggest a further RHI cut could be expected on 1st January 2015. There is a high possibility of a 10% or even a 20% reduction in the RHI rate for any boilers up to 200kW.
Duncan Renewables advise any party interested in installing a biomass system to act fast and contact our team today.
Click here for the full statistics from DECC.
Up next: The North East Renewable Energy Exchange (REX) – 20th November 2014
After the success of REX Harrogate, Duncan Renewables will be attending the North East REX at Gosforth Park on 20th November 2014.
A networking event ideal for landowners, farmers, businesses, schools and all others interested in investing in renewable technology; the REX is an ideal market-place for those interested in investing in renewable technology to meet potential suppliers and attend a programme of round table discussion groups.
We’ll once again be holding our hugely popular roundtable discussions on either Solar PV or Biomass (or both if you’re really keen!). To book your free place, simply go online and select with whom you would like an appointment. Phil Blair will be hosting our round table discussion on Solar PV, whilst Mike Kaye will be hosting the round table discussion on Biomass.
The North East REX website is now live for appointment bookings. With Duncan Renewables holding 3 fully-booked round table groups in Harrogate, don’t hesitate in reserving your free place now!