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The Feed-in Tariffs (Specified Maximum Capacity and Functions) Order 2010

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Calculation of FIT contributions

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25.—(1) The FIT contribution of a licensee in respect of a FIT year means the sum of the following payments made and costs incurred by the licensee during that year—

(a)generation payments;

(b)net metered export payments;

(c)net deemed export payments; and

(d)qualifying FIT costs.

(2) The amount of the adjusted FIT contribution of a licensee means the licensee’s FIT contribution adjusted by any periodic levelisation payments made by the licensee or periodic levelisation payments received by the licensee in the FIT year.

(3) In this article—

(a)“net deemed export payments” means deemed export payments made by a licensee, less the value of deemed exports to that licensee, that value having been determined by the Secretary of State under article 28;

(b)“net metered export payment” means a payment made to a FIT generator or nominated recipient by a FIT licensee in respect of the export of electricity from an accredited FIT installation measured by meter, less the value of that export, that value having been determined by the Secretary of State under article 28;

(c)“qualifying FIT costs” means the reasonable costs of a licensee incurred as a result of the FIT scheme (excluding the cost of FIT payments), as determined by the Secretary of State under article 28.

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