November FiT rates revealed - Act now to gain 3.5% for 20 years



Ofgem has released its official installation figures for May, June and July which determine what the feed-in tariff rates will be starting from November 1.

The Department of Energy and Climate Change (DECC) has identified three capacity bands in which installed capacity is monitored: Domestic Scale (0-10kW), Small Commercial (10-50kW) and Large Commercial installations (50kW-5MW). The installation levels in each of these bandings will determine how much the various FiT banding rates will be reduced by.

Installations in the domestic-scale banding stood at 163.769MW. As this lies in between 100-200MW this will enact a 3.5 percent tariff digression on the existing ≤4kW tariff band (16p) and >4-10kW tariff band (14.5p).

From November 1, the ≤4kW FiT rate will be 15.44p while the >4-10kW FiT rate will stand at 13.99p.

Installations in the small commercial-scale banding stood at 57.09MW. Although only marginally above the 50MW threshold, this too will enact a 3.5 percent digression to the existing >10-50kW tariff rate (13.5p). As of November the 1, the >10-50kW tariff rate will be 13.03p.

Finally, installations in the large commercial-scale banding stood at just 13.94MW. As this is less than the stipulated 50MW digression point, the FiT rates for installations >50kW-5MW will remain the same until, at least, February 1. From November 1, the tariff rates will be 11.5p for >50-150kW installations, 11p for >150-250kW installations and 7.1p for >250kW-5MW installations.

A full summary of the tariff changes can be viewed in the table below:

Digression Band
Tariff band
Deployment level
Digression rate
FiT tariff from November 1
0-10kW
≤4kW
163.77MW
3.50%
15.44p
>4-10kW
3.50%
13.99p





>10-50kW
>10-50kW
57.09MW
3.50%
13.03p





>50kW-5MW
>50-100kW
13.94
0%
11.5p
>100-150kW
0%
11.5p
>150-250kW
0%
11p
>250kW-5MW
0%
7.1p
Stand-alone
0%
7.1p


So if you are considering PV to protect agianst rising energy costs, help protect the environment or as a good economic investment acting now to install ahead of the next deadline will be worth an extra 3.5% income over the next 20 years.  Probably a good call to action !