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Myriad responds to possible RHI budget reduction

Myriad CEG has responded to the news that the RHI budget may be tightened in the future.

The company believes that if the proposal goes ahead it would put at risk all the good work that has been done so far in getting the RHI off the ground.

Steve Roberts, Director of Econic Renewable Energy Solutions, Myriad’s specialist ground source heat pump arm, said: “It seems bizarre for the DECC to announce an emergency measure to suspend the RHI on the basis that the budget is at risk of being over spent, when and at the current rate of applications this is very unlikely to happen.”

“All this will do is discourage already nervous clients from making a commitment to renewable heating systems.”

“In most cases they are already taking a risk that their application will be accepted at all as, in order to claim the RHI, the user has to already have the system installed and commissioned.”

“Commercial renewable heating projects are likely to be cost from tens to many hundreds of thousands of pounds. It’s not an investment that can be taken on without serious consideration.”

“If the RHI could be suspended at any point, with very short notice, it will be impossible for people to make any kind of sensible investment decision on their project.”

“All these questions will make people delay a decision to do anything. All the industry wants is some level of predictability so that potential customers can make reasoned judgments on the return on investment that renewable heating might offer.”

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