Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
The reference date of
We recognise though that some prospective FITs generators who have incurred or committed expenditure may not be able to complete their installations and submit their applications for FITs before the proposed reference date. In forming the proposal, we have taken into account the possibility of hardship to persons in this situation. We consider that the proposed approach is reasonable given a number of factors. These include the urgency of the concerns about the impact on the scheme's budget of continuing high levels of uptake at the current tariffs, including any rush of new installations triggered by the consultation. In addition, the proposed new tariffs are designed to provide a reasonable rate of return in line with those intended when the scheme was first introduced. The FITs scheme was never intended to provide windfall profits and in the current climate we regard the returns expected for FIT generators under the proposed new tariffs to be reasonable.