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Market Insight

UK PV outlook improves on softer than proposed cuts to solar FiT rates

December 17, 2015  | Subscribers Only

Susanne von Aichberger Susanne von Aichberger Senior Analyst, Solar Supply Chain

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On Thursday 17 December 2015, the Department of Energy and Climate Change (DECC) published its response to consultations on future financial support for PV systems in Great Britain, which had been opened in July and August this year.

The final terms of the revised FiT scheme present less severe changes than the original proposal, in particular in the residential PV sector, by reducing FiT rates by 65% instead of the proposed 87% and by raising the quarterly caps.

As for the Renewable Obligation Certificate (ROC) scheme, DECC maintains the proposed plans to close the scheme for new PV projects on 1 April 2016, to abolish grandfathering and to review the banding level for new projects that do not fall under the grandfathering protection

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