Monday, February 01, 2010
Feed-in Tariffs (FITs) have been used
throughout the world to good effect and in only a few months time
the UKs renewable energy industry will benefit from this mechanism
too.
FITs work by setting fixed market
rates on up to 5MW's of electricity, generated through
microgeneration projects; these are set at a level higher than the
usual wholesale prices.
WCE feels that this increase in
finance for small scale projects will greatly help the uptake and
spread of renewable technologies throughout the UK.
