Thursday, 14 February 2013

Business Feed in Tariff (FiT) Charges For 2012/2013


Introduced on the 1st April 2010, The Feed in Tariff or FiT scheme is a levy charge imposed by the Government, to fund the Feed in Tariff. The Feed in Tariff was introduced as an incentive paid to businesses and property owners who generate on site renewable energy through small scale renewable electricity generation. This additional levy is collected from all energy consumers who are supplied by eligible FiT suppliers. Each supplier is allocated their share of the overall Feed in Tariff costs in proportion to their supply of market share.

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