The UK Department for Business, Energy and Industrial Strategy (BEIS) has today laid regulations to enact an extended allocation of Tariff Guarantees on the Renewable Heat Incentive (RHI).
The changes by BEIS laid in Parliament today will enable existing applicants to withdraw their tariff and reapply to achieve a later commissioning date, enabling a pipeline of new, large renewable heat plants. Tariff Guarantees provide investment certainty to larger, better value for money installations on the Renewable Heat Incentive (RHI).
Under existing arrangements, eligible installations granted a tariff guarantee was required to commission by January 31, 2020. Since the implementation of Tariff Guarantees, the government has granted 43 tariff guarantees for large scale projects, the majority of which produce biomethane for injection to the gas grid.
As the first major economy to legislate for net zero emissions, we must act to reduce emissions from heat and industry – one of the hardest sectors to decarbonise. That’s why we’re giving investment certainty to a number of renewable industries with an extended allocation of Tariff Guarantees on the Renewable Heat Incentive. This will unlock significant investment across the renewable heat sector – an important step on our way to achieving net zero emissions by 2050, said Energy and Clean Growth Minister Chris Skidmore.