Feed in Tariff (FIT) scheme

A gentle reminder that the Feed in Tariff (FIT) scheme, which provides incentive payments to electricity micro-generation installations, will close on the 1st April 2019. Any PV panel system not commissioned with a valid MCS certificate prior to the 31st March 2019 will not be able to qualify for the FIT scheme.

The FAQs suggest that the DBEIS is considering a replacement to the FIT scheme, but this is in consultation at present. It suggests that the Government will legislate for electricity providers to pay owners of applicable micro-generation installations for electricity export, rather than for full generation. There is reference to use of Smart Export...suggesting that rates will vary based on grid capacity and demand. Interesting times ahead!

https://lnkd.in/g87kr3w