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<p>On Wednesday 4 December, DECC published a number of Renewable Heat Incentive (RHI) documents, including an update on the budget management of the Domestic RHI. In that document we state that, at the tariff levels in place when the scheme launches, we believe that the scheme could see an increase from current levels of renewable heat deployment to approximately 35,000 installations in 2014-15 and 57,000 installations in 2015-16. This is a significant increase on current levels of deployment, but it is important to note that this is the sort of scale of deployment that the budget can support rather than a specific target for deployment. The actual number of installations supported will depend significantly on the balance between technologies and the size of installations.</p><p>If tariff levels reduce as a result of deployment meeting a degression trigger (demand for the scheme was very high or technology costs were lower than we anticipated), we would be able to support an even larger number of installations.</p><p>The total cost of the domestic scheme is estimated to be £44.8 million in 2014-15 and £80.1 million the following year. This includes funding for payments to those who have already acted in line with the Government's announcements since July 2009, a metering and monitoring</p><p>scheme to help improve the performance of technologies, as well as payments for new installations to which the above numbers of installations refer.</p> |