Britain Will Introduce a Vast Feed-In Tariff Program in April
Britain will introduce a whole suite of feed-in tariffs for renewable energy in April, including a tariff no other jurisdication has created before.
The United Kingdom's program will include tariffs for wind power and solar photovoltaic power. As well, Britain will become the first country in the world to offer a feed-in tariff for renewable heat, including solar water heaters and geothermal heat pumps. The government hopes these tariffs will lead to an accelerated adaption of renewable energy throughout the British Isles.
Each tariff will increase with inflation. This is an important feature, and one that could have made Germany's feed-in tariff program more successful. The tariffs have been calculated to offer a 5-8% return on initial investment, however, with inflation adjustments that could rise to 7-10%. Also the comprehensive initiative states that any income derived from residential renewables will not be taxable. This could lead to a boon for the residential rooftop solar industry.
Even though critics say this feed-in tariff program does not go far enough, it has the potential to kick-start expansive renewable energy growth in the U.K., making it a world leader for clean energy.
Read the full story at Renewable Energy World: Britain Launches Comprehensive System of Feed-in Rates
Nathanael Baker is the Managing Editor of EnergyBoom. He has been immersed in the areas of renewable energy and climate change for two years. Before joining EnergyBoom, Nathanael was the Director of Research for the DeSmog Blog. In this role his services included providing research to the New York Times and The Economist.
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.
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