Domestic RHI tariff reduction confirmed for 1st January 2015
DECC have now confirmed that the degression to the biomass Domestic RHI tariff will trigger on 1st January 2015.
The statement from DECC in the most recent review said, “For biomass, forecast expenditure increased by £1.0m in September, and as at 30 September 2014 is £4.0m. This is £0.2m below its 31 October 2014 degression trigger of £4.2m. If this trigger is surpassed, then a 10 per cent reduction to the domestic biomass tariff will be announced in next month’s quarterly forecast (to be published by 1 December 2014), to come into effect on 1 January 2015.”
Please go to https://www.gov.uk/government/statistics/domestic-rhi-mechanism-for-budget-management-estimated-commitments#history for the full degression report and confirmation of the new tariff.
This degression will only apply to applications submitted from 1st January 2015 by new applicants. Those already receiving payments will not be affected, neither will legacy applicants (those who installed before 9th April 2014). We would remind consumers in the legacy group, that they have until 8 April 2015 in which to apply to Ofgem; after which the window for legacy applicants will close.
