RPI increase for Feed in Tariff
The first increase of the FIT in line with the Retail Price Index (RPI) figures have been announced by OFGEM. Tariffs have increased by 4.8% in line with inflation.
- The tariff rate for renewable electricity installations have increased in line with RPI.
- Export rates have also increased from 3p to 3.1p
- Payments will increase from the 1st of April 2011 for existing and new installations.
Because from 1 April 2011 all electricity generated and exported by accredited installations will receive the adjusted tariff, it is important that the existing generators take a meter reading on 31 March 2011. In the absence of such a reading, FIT Licensees will calculate what proportion of electricity has been generated and exported until 31 March 2011, and what proportion has been generated and exported from 1 April 2011. They will then apply the relevant tariff to the generation and export electricity.
Please follow the links below for more information on the OFGEM website and and a table of the amended tariffs.