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Feed-in tariff

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A feed-in tariff is a guaranteed, long-term, premium price paid to households, communities and businesses for electricity they generate from renewable sources such as wind, water and the sun. Feed in tariffs (FITs) operate in seventeen European countries. The scheme has been especially successful in Germany, which now has 200 times more solar power and more than 10 times more wind power than the UK and employs 250,000 people in renewable energy - compared with just 15,000 in the UK. A feed-in tariff is

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A feed-in tariff is A feed-in tariff is a guaranteed, long-term, premium price paid to households, communities and businesses for electricity they generate from renewable sources such as wind, water and the sun. Feed in tariffs (FITs) operate in seventeen European countries. The scheme has been especially successful in Germany, which now has 200 times more solar power and more than 10 times more wind power than the UK and employs 250,000 people in renewable energy - compared with just 15,000 in the UK. Small scale renewable energy systems could also play an important role in helping the UK meet its EU renewable energy target which says that 15 per cent of all Britain's energy must come from renewable energy sources by 2020. Research by the Energy Saving Trust concludes that up to 40 per cent of the UK's electricity could be generated by small-scale renewable energy systems.