The Green Gas Support Scheme (Amendment) Regulations 2022
Jurisdiction: Great Britain
Commencement: 1st July 2022
Amends: The Green Gas Support Scheme Regulations 2021
Various duties apply.
In response to inflation, the methods used to adjust a person’s guaranteed tariff* are revised. Any adjustments to guaranteed tariffs will now be made at the start of the financial year by the percentage increase, or decrease, in the consumer price index (CPI)** over the previous year.
*All Green Gas Support Scheme (GGSS) applications require a tariff guarantee, which means that once a participant has a tariff awarded and is fully registered on the scheme, they will receive that tariff throughout the GGSS payment period, regardless of any future fluctuations.
**CPI is an indicator used to measure inflation by tracking the change in prices over time, paid by consumers for a basket of goods and services.
Amendments are also made to the method used to calculate the estimated total budget commitment, so that it better reflects expected future payments for additional biomethane capacity. In order to see if there is enough budget to accept new applications to the GGSS, the estimated total budget commitment for each financial year will be checked against the budget allocation published by the Secretary of State.
N.B. The Department for Business, Energy and Industrial Strategy (BEIS) is in charge of setting an annual tariff guarantee budget cap. BEIS may only issue a tariff guarantee if there is available budget not already committed.
There are no changes in duties for organisations.
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