FiT

It is widely accepted that the burning of fossil fuels, such as coal and oil, is not only a waste of valuable resource but is also bad for the climate. In order to reduce the use of fossil fuels the UK government has set itself a national target of generating 30% of electricity from renewable sources by 2020 and to encourage the development of renewable energy schemes it has introduced a Feed in Tariff (FiT) which supplements the price paid by the energy suppliers.  The additional revenue that the FiT provides makes many small scale schemes financially, as well as environmentally, profitable.

Providing further encouragement to go green the Scottish Government has also set a target; to have Scotland generating 100% of the electricity used in Scotland from renewable resources by 2020.

Importantly the FiT is index linked and guaranteed for 20 years.

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