Renewable Energy Forum of UK Discusses Renewable Heat Incentives

A recent release from Renewable Energy Forum discusses in detail about the proposed Renewable Heat Incentive (RHI) of the British government. The report indicates the need for some drastic changes to assist the heating industry and promote clean energy.

The report titled ‘The Renewable Heat Incentive: Risks and Remedies' insists on the government to make the changes or do away with the proposed scheme. The report pointed out that some of the technologies included for the entitlement of the incentive scheme did not undergo any testing in the country or are not ready for implementation. The forum utilized the charts and figures provided by the Department of Energy and Climate Change to make the calculations and reached a conclusion that most of the mentioned costs will negatively affect the consumers. By utilizing the calculations of the government the report pointed out that the expenditure on Renewable Heat Incentives will outmatch the energy benefits by a huge gap ranging from £1.2bn to £13.4bn. The report also asserts that the use of Renewable Heat Incentive will swell an average domestic gas bill by almost 14% and a medium sized user bill by 19% per year by 2020. The report further enumerates that the funding in its current form will benefit the high- end users than the poor households and will reduce carbon emissions by just 3% by the year 2020. The report points out that the available fluid funding mechanism for RHI and that any effort on taxing fossil fuel will have an impact on the poor people of the society especially in rural sectors.

David Holmes, Solar Power Grants founder, said that an end less debate continues on Renewable Heat Incentive with a lot of speculations and the government needs to bring an end to this with proper announcements.