Renewable Energy System Design & Development
Non-Domestic Renewable Heat Incentive Tariff Guarantee Process
Tariff guarantees are a useful way to request a guarantee for a project that has not yet been built or commissioned. It allows the risk of future tariff degression to be removed at the early stages of a project, giving confidence to project developers.
The tariff guarantee is a 3-stage process. Stage 1 involves creating an RHI account as normal and then creating a new application with basic details of the project including:
Ofgem will then allocate an RHI number, which will remain the same throughout the entire process.
Ofgem will check that there is sufficient budget for the TG application. Once budget is allocated and any Stage 1 documents are submitted, Ofgem will issue a Provisional Tariff Guarantee Notice (PTGN).
Stage 2 covers financial close information. Once a PTGN has been issued, the system owner has 3 weeks to provide information on the project’s financial close to Ofgem as follows:
Proof may come from investment agreements and some other form of legal or contract documentation AND must be verified and supported by a report from an independent auditor who is not a ‘connected person’.
Financial close information should be sent to RHI.TariffGuarantees@ofgem.gov.uk
Stage 3 converts the TGN to a full RHI application once commissioning has taken place.
Tariff Guarantees can be revoked in the following circumstances:
Tariff guarantees are available for:
Infinitas Design is able to carry out Tariff Guarantee applications on a client’s behalf, please contact us to discuss your application.