FIT Scheme definition

FIT Scheme means the Feed-In Tariff Scheme by which payments are made to MCS or ROO-FIT accredited Installations, it covers the installation of Solar photovoltaic (solar PV), Wind, Micro combined heat and power (CHP), Hydro and Anaerobic Digestion (AD) Installations;
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FIT Scheme means the annual scheme whereby a specific amount of electricity generated by eligible solar photovoltaic installations and exported to the distribution system are paid a feed- in tariff as established in terms of these regulations;
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FIT Scheme means the Government scheme introduced to incentivise small-scale, low carbon electricity generation by providing payments for householders, communities and businesses to allow them to become generators of electricity using eligible Generation Units;
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Examples of FIT Scheme in a sentence

  • We will not impose any obligations on You which are additional to, or more onerous, than those that are necessary to enable Us to meet Our obligations under the FIT Scheme.

  • By joining the FIT Scheme and entering into this Agreement, You confirm that the criteria set out in the following parts of this clause 4.1 are met in relation to the renewable electricity generating system described in the Application Form.

  • We will fulfil Our obligations under the FIT Scheme efficiently and expeditiously as long as We are not prevented from doing so by any act or omission by You.

  • We will check the information You have provided and, if We accept that You are eligible for the FIT Scheme, We will enter Your details onto the Central FIT Register.

  • The FIT Scheme is a Government initiative designed to benefit individuals, businesses and communities with eligible Generation Unit (s).

  • Each Generation Unit (s) is only eligible for the FIT Scheme for the period allocated to it as is set out in Your FIT Plan, therefore Your generation and export (where applicable) start meter reading/s must be taken on the date we receive your completed Generation Agreement form and associated documents.

  • We reserve the right to reduce, withhold or recoup FIT payments if it has been identified that You, We or the Authority have made an error in relation to the FIT Scheme or if the Authority has identified an abuse of the scheme.

  • You will need to complete an application form to commence entry to the FIT Scheme.

  • If You have any issues relating to the FIT Scheme please contact Us immediately and We will work with You to resolve them.

  • We may terminate this Agreement if the Government withdraws or materially changes the FIT Scheme.


More Definitions of FIT Scheme

FIT Scheme has the meaning given to that expression in the Supply Licence. “FIT Terms” means this Feed-in Tariff Statement of Terms.
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FIT Scheme. The Feed-in Tariff administered by Ofgem.
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FIT Scheme means the scheme for Feed-in Tariffs detailed in the FIT Order and the Licence;
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Related to FIT Scheme

  • support scheme means any instrument, scheme or mechanism applied by a Member State, or a group of Member States, that promotes the use of energy from renewable sources by reducing the cost of that energy, increasing the price at which it can be sold, or increasing, by means of a renewable energy obligation or otherwise, the volume of such energy purchased, including but not restricted to, investment aid, tax exemptions or reductions, tax refunds, renewable energy obligation support schemes including those using green certificates, and direct price support schemes including feed-in tariffs and sliding or fixed premium payments;

  • relevant scheme means a scheme of financial assistance provided under—

  • approved scheme means a share option scheme, other than a savings-related share option scheme, approved under Schedule 4.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Traineeship Scheme means an approved traineeship applicable to a group or class of employees or to an industry or sector of an industry or an enterprise. A traineeship scheme shall not be given approval unless consultation and negotiation with the union upon the terms of the proposed traineeship scheme and the traineeship have occurred. An application for approval of a traineeship scheme shall identify the union and demonstrate to the satisfaction of the approving authority that the abovementioned consultation and negotiation have occurred.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • Scheme Year means a period of one year beginning with 1st April and ending with 31st March;

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders of the Issuer immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Issuer; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement; (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Issuer; (iv) all Subsidiaries of the Issuer immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Issuer) are Subsidiaries of the Issuer (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Issuer (or Newco) holds, directly or indirectly, the same percentage of the ordinary share capital and equity share capital of those Subsidiaries as was held by the Issuer immediately prior to the Scheme of Arrangement;

  • Scheme Member means an Eligible Person who is included in the Scheme as per the Scheme rules as member of that Scheme.

  • authorised scheme means Work No. 1A described in paragraph 2 of Part 1 of this licence;

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Economic Forecast Council means the Economic Forecast Council appointed under s. 4 of the Budget Transparency and Accountability Act, [S.B.C. 2000] c. 23;

  • consolidating supervisor means the competent authority responsible for the exercise of supervision on a consolidated basis of EU parent institutions and institutions controlled by EU parent financial holding companies or EU parent mixed financial holding companies.

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • the Scheme means the Local Government Pension Scheme in

  • certification scheme means the ‘Human Services Scheme Part 1 – Common requirements for bodies certifying Human Services’ and ‘Human Services Scheme Part 2 – Additional requirements for bodies certifying Human Services in Queensland’ approved by XXX-ANZ under which bodies accredited by XXX-ANZ can, through Certification Audits, certify and re-certify that an organisation is delivering human services in compliance with the Quality Standards, published on the website at xxx.xxx-anz.com.au or such other website as We may from time to time notify You;

  • Financial Year means a year commencing on and including the 1st day of July;

  • year of assessment means the period of 12 months commencing on 1st January 1948, and each subsequent period of 12 months.

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • General Meeting means the annual or any special general meeting of the Association.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Pension Schemes means the Nord Anglia Joint Pension Scheme, the Wyburn School Limited Pension Life Assurance Scheme (1985) and the Lifetime Pension Scheme, and “Pension Scheme” means any one of them.

  • Planning Scheme means a scheme developed in accordance with section 6 of the Planning and Environment Act 1987.