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New Renewable Heat Incentive (RHI) regulations will reduce payments to solid biomass CHP plants for systems with power efficiencies below 20%.
The higher CHP tariff will be paid for certain elements of the generated heat, with the remainder of the heat eligible for the relevant solid biomass (non-CHP) tariff.
RHI regulations state that, "where the power efficiency is lower than 20%, the proportion of the heat which receives that tariff will be reduced in accordance with the reduction in power efficiency below the 20% threshold".
The new regulations will come into effect 1 August 2016 and will impact any applications submitted on and after this date.
Heliex Power CHP schemes remain a very attractive investment
Even with the reduced tariffs a Heliex system will still provide an attractive return on investment with typical payback of under one year.
Please see the examples below.
Increased income for biomass CHP: Per annum £170,285 Over 20 years £3,405,709
Increased income for biomass CHP: Per annum £297,279 Over 20 years £5,945,586