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New Energy Focus – Warm welcome for small-scale renewable energy feed-in tariff

Warm welcome for small-scale renewable energy feed-in tariff
New Energy focus 17-10-08 The renewable energy industry has welcomed energy secretary Ed Miliband’s announcement yesterday that the government will introduce feed-in tariffs to support small-scale green power projects. Mr Miliband revealed in his debut speech to Parliament yesterday that the government will add an amendment to the Energy Bill to introduce feed-in tariffs

Feed-in tariffs are effectively long-term contracts that will offer the generators of renewable energy a guaranteed price for their power above the general market rate for electricity.

The government is still backing its Renewable Obligation system for large-scale renewable power projects, particularly since the system will provide more certainty of the UK meeting its renewable energy targets than a feed-in tariff on a large scale.

But the feed-in tariff on a small scale should mean microgenerators and on-site power projects will have a guaranteed premium rate income for their power, providing certainty needed for investment decisions.

New Energy Focus – Warm welcome for small-scale renewable energy feed-in tariff

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October 20, 2008 - Posted by Christina Macpherson | ENERGY