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Spending Review - Confirmation of the Renewable Heat Incentive (RHI)
The Spending Review has confirmed that the RHI will be going ahead from June 2011, with £860 million funding allocated from 2011 to 2015.
One major change is that the RHI will now be funded directly by government, rather than by consumers as proposed by the previous government. The DECC press release states: "The Government will not be taking forward the previous administration's plans of funding this scheme through an overly complex Renewable Heat levy.”
There are as yet no details on tariff levels and it appears that funding levels may be lower than originally planned. Details of the actual design of the scheme are due to be published before the end of the year.
The confirmation of its move from ‘proposed’
DECC says that this confirmation will help in “shifting renewable heat from a fringe industry firmly into the mainstream”
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Nu-Heat is the largest specialist supplier of warm water underfloor heating systems to the UK domestic market, delivering fully designed underfloor systems to housebuilders and installers nationwide.