Small player paying out most for FiTs

An independent energy company has paid out more to renewable projects under the government’s subsidy scheme than any other supplier. SmartestEnergy paid £1.75m to renewable energy generators during the first […]

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By Vicky Ellis

An independent energy company has paid out more to renewable projects under the government’s subsidy scheme than any other supplier. SmartestEnergy paid £1.75m to renewable energy generators during the first year of the Feed in Tariffs scheme, according to new Ofgem statistics.

More than £11million was paid out by all licensed suppliers. SmartestEnergy was responsible for almost 16% of this, dishing out £200,000 more than its nearest competitor, SSE.

Robert Groves, chief executive of SmartestEnergy said: “Despite the dominance of the major utilities in the energy market, smaller players can still play a very important role in providing a better value choice.” He added that it was “encouraging” to see strong interest in new smaller-scale generation renewable projects.