The Department of Energy and Climate Change have announced further updates to the non-domestic Renewable Heat Incentive. These include fixed annual budgets for the RHI and tariff reviews in 2014 and 2017.
The new RHI that has been published sets out a fixed annual budget for each year of the RHI and intends to introduce a degression based approach which will see tariffs available to new applicants being gradually reduced if uptake of the technologies supported under the RHI is greater than forecast.
Monthly updates on progress towards the triggers will be published online and one month’s notice will be given before any reductions are made to the RHI tariffs for new applicants.
Renewable Heat Incentive tariff reviews of the non-domestic RHI have been scheduled for 2014 and 2017 to provide certainty for investment, though these are just proposed dates at the moment. Conditions under which an earlier review would be taken are also outlined.
Metering requirements will be simplified to reflect feedback received from participants.
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