The Domestic Renewable Heat Incentive (RHI) will be extended to 31 March 2022, Chancellor Rishi Sunak announced in the March 2020 budget.
In his first budget, Chancellor Rishi Sunak announced that the Domestic Renewable Heat Incentive (RHI) would be extended for a full year, until 31 March 2022. There will also be the introduction of a new allocation of flexible tariff guarantees to the Non-Domestic RHI in Great Britain in March 2021, helping to “provide investment certainty for the larger and more cost-effective renewable heat projects,” it said.
In addition, the budget also saw a number of other key announcements designed to support the UK’s green energy ambitions for the future:
- Consultation on a new low carbon heat support scheme from April 2022 which would help households and small businesses to invest in heat pump and biomass technology, backed by £100 million of Exchequer funding
- A rising levy on gas producers alongside reduction in tax for clean power generators, designed to support the injection of green energy into the grid
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