New DECC Figures Confirm A 3.5% FIT Cut For 1st of October

New DECC Figures Confirm A 3.5% FIT Cut For 1st of

Every quarter, the Department of Energy and Climate Change (DECC) report on the last three months' installation numbers and these are used to determine changes to the FIT rate.

The installation figures released by DECC this morning show the expected surge in the last quarter, will result in a further 3.5% cut in the FIT rates for sub 10kW on the 1st October. The 50MWp registered in June bring the total for the quarter up to 117MWp which is well above the trigger point needed of 100MWp.

Under the existing scheme it would seem likely that this trigger point will be exceeded in all quarters and therefore further quarterly cuts are very likely. This poses significant challenges for the industry to bring costs down faster.

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