DECC have just publicised the orders that will implement the FiT changes which were announced on 22 July (see entry here). The problem with a single band for hydro schemes in the new degression mechanism remains (once a few big schemes have been completed the tariff will drop sharply, affecting many potential smaller schemes). There are supposed to be 40 days for parliamentary scrutiny of these orders, but they are not likely to be adjusted at this stage. The announcement came today but there are now only 4 (correction) days remaining to review the draft standard conditions which state the degression rates.
DECC's announcement and links to the documents are below:
"Following announcement of the Government Response to Consultation on Comprehensive Review Phase 2B in July, we have recently laid the two aspects of legislation in Parliament. Subject to parliamentary scrutiny, the decisions will therefore be implemented on 1 December 2012. You can view the FITs order 2012 on the legislation website.
A draft of the modifications to the standard conditions of electricity supply licences can be found on the DECC website.
Ofgem will release updates to their guidance on their website in due course.
You may also like to know that we release updated statistics relating to the FITs scheme on the DECC website each week.
Information about the degression policy can be viewed on the DECC and Ofgem websites."
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