Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment his Department has made of the adequacy of the tariff levels for the Feed-in-Tariff scheme for exporters and generators.
The Feed In Tariff (FIT) scheme aimed to deliver returns of approximately 5-8% for investors in small scale low-carbon generation. The methodology used to set the tariffs considered the technology costs and electricity generation expectations. The tariff rates are adjusted annually, in line with the Retail Prices Index (RPI) to maintain that rate of return during the period of support under the scheme.