Why Renewable's
Historically the take up of renewable technologies has been restricted by the higher capital cost vs traditional fossil fuel equivalents and up until 2006 relatively static energy costs. Making a business case for Renewable Technologies in their own right has not been possible on purely financial grounds.
What the next few year now holds for us is rapidly rising fuel inflation over and above the general inflation rate making energy costs an increasingly significant proportion of a business or public sector overhead straight off the bottom line.
To make the business case for renewables the UK Government has or is in the process of introducing a range of Incentives. Principally these are.
Renewable Obligation certificates, or ROC’s for large Grid scale power generation over 5 MWe
Feed In Tariff FIT for smaller power generation up to 5 MWe
Renewable Heat Incentive RHI to put the generation of Renewable Heat on level playing field with fossil fuel sources.
In all cases the incentives are banded against the different eligible technologies for each incentive and the capacity of the installation. This removes the need for economy of scale to make renewable work and means a business case can usually be developed right down to individual properties or business premises.
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