27 Mar '12, 7am

Renewable Heat Incentive: Consultation on interim cost control @DECCgovuk #energy #rhi

This consultation proposes an interim cost control measure for the Renewable Heat Incentive (RHI) that would suspend the RHI until the next financial year should estimated spending – based on applications and accreditations - reach a level where the budget could be breached. This is to ensure that there is a mechanism for budgetary control in place until we are able to introduce a flexible degression-based system, which would be able to respond to deployment and gradually lower tariffs as the scheme grows. The consultation seeks views on whether a notice period of up to one month should be given prior to a suspension, as there is a trade-off between the amount of notice and the extent to which the trigger would need to be set conservatively. Current application levels are low relative to the available budget and if these levels continue the proposed interim cost control me...

Full article: http://www.decc.gov.uk/en/content/cms/consultations/rhi_c...

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