In the run up to Christmas, Ofgem published its latest report on the Feed-in-Tariff (FiT) scheme. Despite falling electricity generation, payments under the scheme reached a record £1.84 billion, and the total cost of the scheme reached £1.86 billion. This article walks through the key statistics from the latest report.
Solar power makes up nearly 99% of the number of FiT installations and over 79% of installed capacity. Ofgem does not provide a breakdown of actual generation by technology, but we can safely assume that solar produces the bulk of output. As Figure 1 shows, generation fell by 6.3% to 8.34 TWh in FY 2023/24.
