Saturday, 1 April 2017

Feed in Tariff Rates. April 2017-March 2018

When our 14 panel 2.66 kWh system was installed in June 2011 FiT (Feed in Tariff) payments were so much simpler.
The government were keen to attract sustainable energy providers and there was just the one rate which, like now, was based on my generation each year between April 1st-March 31st the following year.


We all knew were stood, we had 25 year contract with a FiT rate which increased each year by the RPI inflation rate at the end of December the previous year.

It was all going to change...

Pretty soon the government realised that with falling installation and equipment costs the FiT rates were far too generous. They have over a period of time reduced the rates and the length of the contracted term.

Whist householders who have recently installed PV panels on their roof might find this unfair, for Northern Ireland politicians it has been disastrous.

Arlene Foster was in charge of the NI department that set up the RNI (Renewable Heat Incentive scheme.  Link to story
She later became First Minister and was forced to resign when it was revealed that it would cost NI taxpayer £490m to fund the scheme. Despite a subsequent snap election Northern Ireland at the time of writing does not have a working government.

Perhaps our Westminster politicians are better than we give them credit for?


My system was installed in June 2011. The FiT rate at that time meant that I received 43.3p for each kWh generated. 


April 1st 2012 saw the rate increased to 45.4p based on the inflation rate of 4.8% the previous December.


April 1st 2013 saw the rate increased to 46.8p based on the inflation rate of 3.1% the previous December.

April 1st 2014 saw the rate increased to 48.07p based on the inflation rate of 2.7% the previous December.

April 1st 2015 saw the rate increased to 48.84p based on the inflation rate of 1.6% the previous December.

April 1st 2016 saw the rate increased to 49.43p based on an inflation rate of 1.21% in December 2015.

On April 1st 2017 the rate will rise to 50.67p based on an inflation rate of 2.51% in December 2016.

The export rate for my system has increased to 3.37p kWh and 50% of that figure is added to my FiT rate giving a total of 52.455p kWh.

Please use this link to the Ofgem website to see the FiT rate for your system.Link

Icarus Twitter: (@solaricarus)

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