Exporting to the grid

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Exporting to the grid

The benefits associated with utilising renewable and environmentally-friendly business energy are set to become even more significant for U.K. businesses.

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The evolution of FiT

The Feed-in Tariffs scheme, which was introduced during 2010, was designed to give businesses, as well as owners of small-scale renewables, a fixed rate of payment, which would slowly but surely offset to cost of installing the renewable technologies in the first place.

And, while this scheme was deemed a success and encouraged many hundreds of renewable projects up and down the country, the government deemed that it should be wrapped up, and FiT stopped accepting new entrants at the end of March 2019.

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The green alliance

Many organisations, with particular reference to Green Alliance, which stated that the decision to move away from the FiT system was a ‘major blow’ to the renewables community. However, it is hoped that following the introduction of SEG, businesses will once again be encouraged to take the plunge and invest in green energy.

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