Yesterday's concerns over a surprise announcement by DECC on the Feed in Tariff have come to fruition this morning with the publication of a consultation on removal of Feed in Tariff pre-accreditation and another on the closure of the Renewables Obligation to solar PV.
Feed in Tariff
In its short consultation on the Feed in Tariff, DECC summarises proposals to remove the pre-accreditation scheme, with the result that installations would receive the tariff rate as at the date they apply for full accreditation rather than at the pre-agreed level. DECC considers that developers are now better placed to handle the inherent risks in the digression mechanism rationale and aim to limit the number of installations which deploy at the higher tariff levels so as to cut the cost to bill payers.
DECC will aim to publish their decisions as soon as possible after the consultation on the Feed in Tariff closes on 19 August 2015, and intends to carry out a full review of the Feed in Tariff scheme later in 2015.
Renewables Obligation
DECC has announced its proposals to:
DECC will aim to publish their decisions as soon as possible after the consultation on the Renewables Obligation closes on 2 September 2015 and:
Please click here to view the full report.