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The change in the feed-in tariff equated to a 64% decrease in the generation tariff for solar arrays below 4 kW, which is the largest decrease since the scheme began in 2010. [27] The changes meant that larger systems (over 10 kW) received a higher feed in tariff rate than smaller domestic-sized systems, which might have led to the remaining ...
A feed-in tariff (FIT, FiT, standard offer contract, [1] advanced renewable tariff, [2] or renewable energy payments [3]) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers.
Discussion on implementation of a feed-in tariff programme concluded on 26 September 2008, and the results were published in 2009. [51] The UK government agreed in April 2010 to pay for all grid-connected generated electricity at an initial rate of up to 41.3 pence (US$0.67) per kWh, whether used locally or exported. [52]
The UK Government proposed wide-ranging reforms to the UK electricity market which saw feed-in tariffs with contracts for difference (CfD) replace the Renewables Obligation as the main renewable generation support mechanism. [32] Unlike ROCs, CfDs will also be available to generators of nuclear electricity.
As of July 2014, feed-in tariffs for photovoltaic systems range from 12.88 ¢/kWh for small roof-top system to 8.92 ¢/kWh for large utility scaled solar parks. Feed-in tariffs are restricted to a maximum system capacity of 10 MW. The feed-in tariff for solar PV is declining at a faster rate than for any other renewable technology. [21]
The advent of the UK Government's Feed in Tariff has significantly reduced the payback time of photovoltaic, and wind/hydro turbine renewable energy capital costs. The most in-depth review of the Merton Rule was undertaken by Bath University in 2008.
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A feed-in premium (FIP) is a policy mechanism designed to support investment in renewable energy. In a FIP, renewable energy producers sell to the electricity market and receive a payment (premium) in addition to the market price.