|Project name: ||Renewable Heat Incentive - there are 3 reports for this project: 2013, 2014, 2015 |
|Google search: ||Google search on project name (opens in new window) |
|Organisation: ||DECC (D11) - see all reports for this organisation |
|Report year: ||2015 (data is from Sept 2014) |
|Category: ||Transformation - see all reports for this category |
|Description: ||The Renewable Heat Incentive (RHI) is one of the Governments mechanisms for driving the transition to deployment of renewable and low carbon heat over the coming decades. The RHI is a key contributor to achieving the UKs share of the EUs 2020 renewable energy target and the carbon reduction target set out in the Carbon Plan.
The RHI provides financial support to renewable heat generators and producers of biomethane that is designed to help address the additional cost associated with renewable technologies in order to incentivise their take up.
The RHI for the non-domestic sector launched in November 2011 and the RHI for the domestic sector launched in April 2014. Both schemes are administered by Ofgem. |
|DCA (RAG): ||Amber |
|DCA text: ||Action was taken to ensure the successful launch and operation of the domestic scheme; and the successful implementation of changes to the non-domestic scheme. An interim internal review of domestic performance was undertaken and identified activities and investigations to further improve performance, which are being implemented. The response to increased tariff levels for some non-domestic technologies is being monitored. Further regulations to improve both schemes were laid in Parliament in December 2014. |
|Start date: ||2008-11-30 |
|End date: ||2014-12-01 |
|Schedule text: ||The start date reflects Royal Assent to the Energy Act 2008, which includes the legal powers that underpin the RHI. DECC opened the domestic RHI for applications in April 2014 and implemented extensions to the non-domestic scheme in May 2014. The project end date allows for a post-implementation phase and will be reviewed before the end of 2014/15. |
|Baseline: ||£231.79m |
|Forecast: ||£233.00m |
|Variance: ||0.50% |
|Variance text: ||Budget variance less than 5% |
|Whole Life Cost: ||£43,658.13m |
|WLCost text: ||RHI budgets are only set up to 2015/16 so WLC (which run to 2040) is illustrative only and assume smooth scheme deployment growth up to 2020. This reflects both the domestic and non-domestic RHI, with non-domestic RHI costs lasting 20 years and domestic costs lasting 7 years.
As RHI cost estimates run to 2040 inflation estimates have a very large impact.
The WLC figure is calculated in nominal terms. |
|Notes1: || |
|Notes2: || |
|Sourcefile: ||IPA_2015.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.