RHI budget management update

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The Department for Business, Energy and Industrial Strategy have just released the latest monthly forecast of RHI spend, taking us up to the end of May 2018. The document shows that the total RHI forecast expenditure for the whole scheme is above the expenditure threshold. Importantly the biomass forecast expenditure remains below its individual expenditure threshold; as such there will currently be no degressions to the biomass RHI tariff scheduled for this quarter. The next quarterly degression notice will be published by 1st September.

The full document can be downloaded from the following location on the governments website:

https://www.gov.uk/government/publications/rhi-mechanism-for-budget-management-estimated-commitments

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