Recovering Your Costs
Financial returns are achieved through a procedure that is termed as a 'Renewable Obligation Order-Feed in Tariff'
(abbreviated to ROO-FiT). This can seem quite a daunting complex system; if you need further information or guidance on your financial returns get in touch with us here at FreeFlow69
What is a Renewable Obligation Order - Feed in Tariff (ROO-FiT)?
This procedure falls under the governments Renewable Obligation order for renewable energy and is set up to compensate independent generators (i.e. you) for producing renewable energy. This payment is known as a 'feed in Tariff' and is a payment per kilowatt hour of energy produced.
How does it work?
As from August 2011 until further notice, applications for ‘feed in tariffs’ must be made through OFGEM using the Renewable Obligation Order – feed in tariffs (ROO-FiT ) process.
To apply for the FiT scheme, installations will need to apply for accreditation through the ROO-FiT process via OFGEM's ‘Renewable and CHP Register’. Upon completion of this process, generators will then be required to contact a FiT supplier with their ROO-Fit details.
(When the installation is approved for the FiT).Guaranteed for 20 years (linked to RPI).
less tan 100kW;
- 7.63pence per kwh (to Mar 2017)
- 7.61 pence per kWh (to Sep 2017)
- 7.59 pence per kWh (to Dec 2017)
Over 100kW, up to 500kW;
- 6.11pence per Kwh (to Mar 2017)
- 6.10pence per kWh (to Sep 2017)
- 6.09pence per kWh (to Dec 2017)
- Resale of excess electricity (export value); 4.91 pence per kWhr monitored via an import/export meter.
- Usage of generated electricity; a saving equal to that which would have been paid for the electricity used.