Today's announcement revealed that under the eagerly awaited Feed-in Tariff (FiT) scheme, some micro-generators will receive higher rates than first proposed and the tariff ‘bands’ have been restructured, to some extent, in line with recommendations from the British Hydro Association(BHA).

Commenting on the news, Carl Crompton of Gilkes Energy said “This is positive news. DECC have listened to the evidence we presented them during the consultation phase and modified the structure accordingly. The new Feed-In-Tariff structure is positive news for all hydro developers as the tariffs are higher than originally  proposed in the initial consultation document.

The certainty of these tariffs means that a number of projects, currently ‘on-hold’ pending confirmation, can now proceed with complete clarity on future revenues.

We also welcome the fact that tariffs are indexed against RPI. This means that developers can confidently “opt-in” to the Feed-In-Tariff scheme and so secure finance without worrying about the effects of future inflation.”

For further information see the DECC press release: http://www.decc.gov.uk/en/content/cms/news/pn10_010/pn10_010.aspx