What is the Feed-in Tariff (FIT) scheme?
The Feed-in Tariff (FIT) scheme is an environmental programme introduced by the government to promote the use of small-scale renewable and low-carbon electricity generation technologies.
That means you can be rewarded for creating your own ‘green energy’, as part of the UK’s commitment to 15% of all energy being renewable by 2020.
CitizEn Energy is a voluntary FIT scheme licensee and we offer our domestic, community or business customers the opportunity to claim a FIT scheme for the electricity they generate and export back to the grid.
If you install electricity generating technology from a renewable or low-carbon source – solar panels or a wind turbine for example – the FIT scheme allows you to claim money back on your supply.
Talk to our customer services team for more information.
What are the benefits of the FIT scheme?
The FIT scheme exists to promote renewable energy. The environmental impact of us moving to a renewable energy source will be huge, which is why financial incentives also exist to help you along.
The FIT scheme has three major benefits for you:
- You receive a payment for all the electricity you produce
- You receive a payment for all the electricity you put back into the grid
- You reduce your bills by generating some energy for yourself.
It’s very difficult to be completely self-reliant when it comes to energy. But by investing in your own energy generation, you can support a proportion of your own requirements, and make money by sending energy to the national grid for other people to use, too. CitizEn Energy will be looking at innovative ways to get more people generating their own electricity in the coming years, so watch out for updates.
What technologies qualify for the FIT scheme?
The following technologies are eligible for the FIT scheme:
- Solar photovoltaic (usually called PV) panels Wind
- Anaerobic digestion
- Micro combined heat and power (CHP) installations.
FIT scheme payments and eligibility
Larger energy suppliers are required by law to provide payments through the FIT scheme, but smaller suppliers are not. However, here at CitizEn Energy, we’ve opted to offer them anyway so we can give our customers the benefits of the FIT scheme.
For you to qualify for the FIT scheme, the installer and the products you use must both be certified under the Microgeneration Certification Scheme (MCS), except hydro and anaerobic digestion which have to go through the ROO-FIT process.
The tariffs you receive depend on both the eligibility date and, for solar panels, your property’s Energy Performance Certificate (EPC) rating. The UK Government’s Department for Business, Energy and Industrial Strategy (BEIS) makes the key policy decisions on the FIT scheme. The energy regulator Ofgem administers the scheme.
The eligibility date is the date from which an installation becomes eligible for the FIT scheme payments. For most renewable electricity systems (with a declared net capacity of 50kW or less), this will be the date we receive a valid application for the FIT scheme.
This will be after the date on which your renewable electricity system is installed, so it’s essential to send your application to us as soon as possible.
For more information on Feed-in Tariffs: