CHP leaders pleased with proposed rise in feed in tariffs

A proposed rise in the Feed-in Tariff (FIT) rate for microCHP has been broadly welcomed by industry representatives.

In a written ministerial statement by Edward Davey on reforming the Feed-in Tariff scheme, issued today (9 February 2012), the microCHP tariff rises from, currently, 10.5p a kilowatt hour to 12.5p. The industry asked for 15p a kilowatt hour.

Graham Meeks, Director of the CHPA said: "The Government has recognised that 10.5p a kilowatt hour is not enough to drive growth, so the proposal to increase to 12.5p is a welcome step in the right direction.

 With cost-control the reason for this review, an increase the tariff for microCHP is a real vote of confidence in the potential of this technology. This consultation is a platform from which to discuss with Government whether the proposed rate is enough to deliver the wholesale expansion we all want to see.”

For more policy and regulation news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...