Renewable Energy: Feed-in Tariffs
The question
To ask the Secretary of State for Energy Security and Net Zero, what discussions he has had with Ofgem on (a) reducing delays in the processing time for payments made under the Feed-in Tariff scheme and (b) improving the confidence of private investors for that scheme.
Answered by Michael Shanks
Under the Feed-in Tariffs (FIT) scheme suppliers are required to make FIT payments no less than quarterly. The Government engages regularly with Ofgem, as administrator of the scheme, to keep its operation under review and ensure it continues to function effectively.
The Government recognises that regulatory stability is essential to maintaining an attractive investment environment. The Government also considers it appropriate to undertake periodic reviews of schemes to ensure they continue to provide value for money for the households and businesses that fund this support.
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