DECC have announced a potential degression in the biomass Domestic RHI tariff, which, if triggered, would come into effect on 1st January 2015.
DECC have said, “For biomass, forecast expenditure increased by £1.0m in September, and as at 30 September 2014 is £4.0m. This is £0.2m below its 31 October 2014 degression trigger of £4.2m. If this trigger is surpassed, then a 10 per cent reduction to the domestic biomass tariff will be announced in next month’s quarterly forecast (to be published by 1 December 2014), to come into effect on 1 January 2015.”
This potential degression would only apply to applications submitted from 1st January 2015 by new applicants. Those already receiving payments will not be affected, neither will legacy applicants (those who installed before 9th April 2014).
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