2013 Report details for project: Renewable Heat Incentive
| Project name | Renewable Heat Incentive - there are 3 reports for this project: 2013, 2014, 2015 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | DECC (D11) - see all reports for this organisation |
| Report year | 2013 (data is from September 2012) |
| Category | Transformation - see all reports for this category |
| Description: | The rationale for the RHI is to help meet the Governments renewables target which requires 15% of energy to be sourced from renewable sources by 2020 in a cost-effective way and to help lower carbon emissions. The Renewable Energy Strategy published in 2009 suggests that a 12% contribution to achieving the target could come from the heat sector. The Renewable Heat Incentive provides financial support to renewable heat generators and producers of biomethane that is designed to help address the additional cost associated with renewable technologies, in order to incentivise their take up. For more information, see: https://www.gov.uk/government/policies/increasing-the-use-of-low-carbon-technologies/supporting-pages/renewable-heat-incentive-rhi |
| DCA (RAG) | Unknown |
| DCA text: | TBC - policy still under development |
| Start date | 2008-11-30 |
| End date | 2014-02-01 |
| Schedule text | The start date reflects Royal Assent to the Energy Act 2008, which includes the legal powers that underpin the RHI. The project end date of 01/02/2014 reflected the previously expected launch of the domestic RHI scheme in Summer 2013. DECC now expects to open the Domestic RHI for applications from Spring 2014 and the project end date will be revised to reflect this. |
| Baseline | £108.00m |
| Forecast | £41.00m |
| Variance | -62.04% |
| Variance text: | The 12/13 budget was based on the RHI annual expenditure limit of £133m, minus £25m that was set aside for the Renewable Heat Premium Payment scheme. The relatively low forecast reflected delays to the launch of the scheme and low take-up for some technologies. The forecast spend above is based on an extrapolation of the application rates received by Q3. The forecast underspend is therefore the difference between the available budget and anticipated spend. |
| Whole Life Cost | £33,149.00m |
| WLCost text: | Whole life cost represents lifetime subsidy costs (undiscounted) for the non-domestic scheme up to 2040 and assumes that policy does not change to 2020/21. The estimate above is from the RHI Impact Assessment published in September 2012. It is subject to revision, in the light of forthcoming announcements on the non-domestic and domestic schemes. |
| Notes1: | |
| Notes2: | |
| Sourcefile | DECC_2013.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.