Non-domestic RHI Tariff rates unchanged apart from Small Biomass
The Department of Energy and Climate Change (DECC) published its seventh quarterly forecast on the non-domestic Renewable Heat Incentive (RHI).
Tariff rates remain un-changed with the exception of small commercial biomass and biomethane for injection.
The small biomass tariff is being reduced by 10% from 1st January 2015. This is because it exceeded its trigger points and further degression is necessary in order to manage the expenditure.
Ecoliving biomass expert and sales manager, Rory Kerr, said, 'The 10% reduction is less than we were expecting and means that the return on investment offered by the RHI is still extremely attractive. We already have the healthiest pipeline of installations well into 2015 and we would encourage anyone thinking about installing heat pumps or biomass to get in touch sooner rather than later so that we can do the calculations and quoting in plenty of time for their installation to be complete before the next degression.'
RHI forecasts are published quarterly with any tariff degression announced a month in advance. Expectations are that with just a 10% reduction from January 2015, it is likely that there will be a further reduction from April 2015.