The Feed-in Tariff (FIT) scheme aims to promote the uptake of small-scale low-carbon electricity generation technologies. (It “feeds in” these technologies.) Since introducing the FIT scheme in 2010, it has accredited 6.5GW of renewable generation – twice the capacity of Hinkley Point C nuclear power station under construction since 2011. Suppliers that are FIT Licensees pay fixed tariffs to micro and small renewable generators for the electricity they generate and export. Encouraging the use of renewable generation technologies helps the UK reduce its emissions and helps us reach Net Zero.
The scheme’s costs are spread across all licensed electricity suppliers in Great Britain based on their proportion of the electricity supply market. This is known as the “Levelisation” process and is conducted quarterly with an annual reconciliation.
Demonstrating Compliance
Ofgem requires FIT Licensees to submit quarterly and annual FIT Levelisation reports. The FIT Levelisation process ensures scheme costs are distributed evenly amongst suppliers. Licensees’ annual returns must be independently audited to ensure that the figures have been correctly reported and that appropriate management controls are in place.
How Engage can help?
- We have carried out independent FIT Levelisation audits for several mandatory and voluntary FIT licensees for many years.
- We have a team of qualified ISO 9001:2015 Quality Management Systems Lead Auditors and conduct FIT audits to this standard.
- Our tried and tested approach delivers audit reporting in an acceptable format to Ofgem and allows us to identify and document process efficiency improvements for our clients.
It’d be great to hear from you if you would like to learn more about our FIT services.
