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Energy Rate |
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Energy Rate |
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Energy Rate |
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Feed in Tariff |
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The Department of Energy and Climate Change (DECC) has
introduce a system of feed-in tariffs to incentivize
small scale low carbon electricity generation. The FITs
scheme was announced on 1 April 2010. Through the use of
FITs DECC hope to encourage deployment of additional low
carbon electricity generation, particularly by
organizations, businesses, communities and individuals
who are not traditionally engaged in the electricity
market. This “clean energy cash back” will allow many
people to invest in small scale low carbon electricity,
in return for a guaranteed payment both for the
electricity they generate and export. |
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• The UK is committed to deliver its share of the EU
2020 target for 20% of energy from renewable sources by
2020.
• Achieving our targets could provide £100 billion worth
of investment opportunities and up to half a million
jobs in the renewable energy sector by 2020
• It is estimated that 2% of our electricity may be
delivered from renewable from small scale electricity
generation.
|
PV System Size KWp |
Annual Electricity Produced KWh |
Feed-In-Tariff
@43.3p/ KWh |
Export Tariff
@ 3p/KWh |
Total Cash Back -
£ |
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2 KWp |
1700 |
£ 736.10 |
£ 25.50 |
£ 761.60 |
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3 KWp |
2550 |
£ 1104.15 |
£ 38.25 |
£ 1142.75 |
|
4 KWp |
3400 |
£ 1472.20 |
£ 51.00 |
£ 1523.20 |
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