Feed In Tariffs

Feed in Tariffs (also known as FITs) came into force on 1^st April 2010 and will enable homes and businesses to generate income from producing their own renewable electricity and selling the surplus to the national grid.  It is a Government guaranteed initiative that now makes it worth your while to produce your own electricity.

You generate income and lower your own energy bills, the Government can satisfy its renewable energy obligations, target climate change and become less reliant on other energy suppliers.

It’s a win win situation.

This “Clean Energy Cash Back” system gives 3 financial benefits:

• A payment for all the electricity you produce, even if you use it yourself (Generation)
• Additional bonus payments for electricity you export into the grid (Export)
• A reduction on your standard electricity bill, from using energy you produce yourself (Import)

The scheme operates for green electricity production up to 5 megawatts.  Above this level and you are normally talking about more significant wind farm schemes.

This scheme will transform the economics behind small scale renewable energy generation and allow very many more people to get involved in green energy production.

The guaranteed tariffs last for 20 years for wind turbine energy production, is fixed for the whole period and is index linked (RPI). Reviews will take place for future entrants.

Tariff payments are made for the kWh produced and exported and therefore need to be measured – usually using meters. The tariffs can be paid by the same company that supplies your electricity or you can appoint an agent to collect your tariffs for you - Green Gale will be offering a service that will pool all clients energy and therefore maximise the export tariff.

In many cases the same company that oversee the installation and management of your renewable energy system.  Feel free to talk to us about the most appropriate method for you.