England: Solar Photovoltaic Electricity Generation and Renewables Obligation Certificates
An unexpectedly high uptake of the feed-in-tariff ("FiT") scheme caused the government to re-evaluate its likely effect on energy bills. The FiT will now operate on a reduced tariff with effect from October 2012. The reductions have prompted potential solar farm developers to consider the viability of Renewables Obligation Certificates ("ROCs") under the Renewables Obligation scheme as an alternative.
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