Business Feed in Tariff (FiT) Charges For 2012/2013

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Business Feed in Tariff (FiT) Charges

Introduced on the 1st April 2010, The Feed in Tariff or FiT scheme is a levy charge imposed by the Government, to fund the Feed in Tariff. The Feed in Tariff was introduced as an incentive paid to businesses and property owners who generate on site renewable energy through small scale renewable electricity generation. This additional levy is collected from all energy consumers who are supplied by eligible FiT suppliers. Each supplier is allocated their share of the overall Feed in Tariff costs in proportion to their supply of market share.

Business Feed in Tariff (FiT) Charges

The energy industry regulator Ofgem charges energy companies a levy and it is from this levy that the tariff payments are made. The cost of the levy is then passed on to energy consumers by the energy companies so in effect everyone who purchases energy pays for this tariff.

Read More: Business Feed in Tariff (FiT) Charges For 2012/2013 | Catalyst Commercial Services – The Market Leading Business Energy Broker.

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