As part of last weeks Comprehensive Spending Review (CSR), Chancellor George Osbourne provided long awaited confirmation that the Renewable Heat Incentive (RHI) would continue until at least 2021, with £1.15 Billion to be added to the schemes budget!

We will see a 10% reduction in Small Commercial Biomass from January 1st 2016, taking Ter 1 payments to 3.76p/kWh and a 20% reduction in the Domestic tariff to 5.14p/kWh.
The good news is we have no degression on the Medium and Large Commercial Biomass plants for the next quarter.