The Renewable Heat Incentive (RHI) regulations to implement the Stand-by Mechanism for the budget management of the non-domestic RHI scheme have now come in to force and the Stand-by Mechanism is now formalised.
To provide greater transparency and certainty for potential scheme applicants, members and investors, we committed to provide a weekly forecast of estimated spend for the 2012/13 financial year (based on applications received to date). This information will enable everyone with an interest to monitor the progress towards the trigger point which would activate the Stand-by Mechanism.
Please note that information on actual payments to date and up to date figures on numbers of accredited installations, can be found on the Ofgem: Renewable Heat Incentive public report web pages.
Latest update of RHI Scheme uptake and spend published
Following our commitment to provide regular updates on scheme uptake and spend. The latest of these updates is now available: