Ofgem: New Feed-In Tariff rate to be set at 45.4p
This information in this article is now out of date, please see this updated page: 87% cuts to the solar PV feed-in tariff (FIT) planned in January 2016
The new rate for the Solar PV feed-in tariff for existing and new installations has been increased by 2.1p to 45.4p, in line with the Retail Price Index. This new rate will replace the current 43.3p rate, and will apply to all new installations until March 3rd, assuming that the Government are unsuccessful in overturning the High Court ruling in January that their cuts to the Feed-In tariff in December were unlawful.
For domestic solar PV systems registered on or after March 3, the revised 21p rate will still apply, and will be increased in line with inflation in April, 2013.Ofgem have confirmed that the scheduled payment change will come into effect from April 1st this year.
The Government has until 21st February 2012 to submit appeal directly to the Supreme Court, in a last-ditch attempt to overturn two earlier judgements that their original December 12th deadline was unlawful.
Should it fail to win a Supreme Court hearing, or succeed and ultimately lose the appeal, the generation tariff of 45.4p from April 1 will apply to all solar PV system registrations completed before March 3rd.
However, if the Government is successful in having the High Court and Court of Appeal rulings overturned, the new 45.4p rate will only apply to registrations made before December 12
It is worth noting that the Ofgem table of revised FiT rates does not mention of the potential for retrospective cuts, or the threat of a Government appeal.
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