Source · Select Committees · Energy Security and Net Zero Committee
Recommendation 1
1
The lack of a pricing mechanism that makes community energy projects financially viable is one...
Conclusion
The lack of a pricing mechanism that makes community energy projects financially viable is one of the biggest barriers to the future growth of the sector. The closure of the Feed-in Tariff significantly limited the opportunities for community energy organisations to develop renewable energy projects which generate enough revenue to attract investment. The Smart Export Guarantee has, due to low payments, variable tariffs and short guarantees which do not provide investors with long-term confidence, failed to provide the price security that is needed. (Conclusion, Paragraph 18)