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UK Micro – Renewable Energy to Receive Financial Boost
The UK Government wants people and organisations producing electricity from renewable energy sources to receive higher rates for their home grown electricity.
The UK government has launched a consultation on the prices to be paid to people generating their own electricity from renewable energy. The new fixed rate tariffs, or ‘feed in tariffs’ as they are known in the renewable energy industry are aimed at domestic and micro -renewable energy generators and vary according to the renewable technology.
The Consultation on Renewable Electricity Financial Incentives proposes that tariffs will be paid for 20 years for new projects, except for solar PV which will be paid for 25 years.
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