UK Feed In Tariffs - Its Official!
The Government finally published the official response to the FIT consultation process yesterday.. and its good news for anyone looking to install renewable systems. In relation to mid-sized (100KW to 500KW) wind turbines the key points are:
- Generation tariff of 18.8p per kWh
- Export tariff of 3p per kWh - Opt out available to allow sale on the open market
- Indexation - the tariff will stay in line with inflation (RPI)
- 0% digression - the tariff will not reduce for installations in years 2, 3, 4 etc
- The scheme will run for 20 years
The single most important change is the addition of indexation which will protect renewable investments from runaway inflation, should it occur.
UK Feed in Tarrifs (FIT) - ETA April 2010
Current expectations are that wind turbines in the 200 to 250 KW class will attract a generation tariff rate of 18p per kwh (when averaged over the scheme lifetime). The FIT scheme will run for 25 years and unlike many of other tariffs (eg PV, small wind) this particular one will not reduce over time.
In addition to the Generation Tariff an Export tariff of 5p per kwh has been agreed with the major electricity suppliers. This value is likely to increase over time in line with energy inflation.
With a fair wind we expect the DWP-24 turbine to generate approximately £90,000 per year from the two combined tariffs.
