14 Feb '12, 1pm

Industry downplays reports of cuts to Renewable Heat Incentive

The renewable energy industry has today downplayed reports the government is planning to cut payments made through its Renewable Heat Incentive (RHI) scheme, insisting it is working with ministers on plans to implement a "cost-control mechanism" designed to ensure the scheme does not exceed its £860m budget. Citing sources within the Department of Energy and Climate Change (DECC), the Telegraph today reported that ministers were planning to "rein in" subsidies made available through the RHI amidst fears high rates of adoption of renewable heat technologies, such as biomass boilers and ground source heat pumps, could see the scheme exceed its budget. FURTHER READING DECC forecasts solar job cuts in wake of feed-in tariff cuts Is Barker's solar spin splitting the industry? The paper drew parallels with the feed-in tariff scheme, where a surge in solar panel installations has...

Full article: http://www.businessgreen.com/bg/news/2152355/industry-dow...

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