Feed in tariffs rise by 4.8% from April
Good news that Ofgem has announced the new feed in tariff rates to come in on April 2011.
Both generation and export tariff rates are index linked which means that they will increase with inflation. The tariff rates are adjusted annually by the percentage increase in the retail price index over the 12 month period ending on 31 December of the previous year. The adjusted rates will apply from 1 April 2011.
For retrofit PV systems under 4 kWp, the generation tariff increases from 41.3p to 43.3p - an increase of 4.8%. The export tariff increases from 3p to 3.1p - an increase of 3.3%. The difference in % for the export tariff is due to rounding such a small number.
These new rates will apply to anyone who has already got a PV system and will be the new rates paid by your electricity company from 1 April 2011 to 31 March 2012. You’ll be asked to provide a generation meter reading on 31 March 2011 to enable the correct tariff to be applied. The new increased rates will also apply to anyone installing a solar PV system from 1 April 2011 onwards.
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