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.
