Key terms explained for the Domestic Renewable Heat Incentive

This key-term is relevant to Assignment of Rights, which came into effect on 27 June 2018.

Once investors are a member of the consumer codes, they can apply to become a Registered Investor under the Domestic RHI. Investors aren’t permitted to own any part of a plant for which they will be nominated to receive RHI payments.

If we have any reason to believe that an investor will not comply with any of their ongoing obligations – such as complying with the terms of the consumer code of practice – we may reject the investor’s application.

Registered Investors have ongoing obligations to fulfil in order to continue be Registered Investors.

For more information, see the Guide to Assignment of Rights.

Applications submitted for the Domestic RHI before 1 April 2016 have their tariffs adjusted in line with the Retail Prices Index (RPI). The RPI is a measure of inflation and RPI rates are produced annually by the Office for National Statistics (ONS). Tariffs will be adjusted in accordance with RPI on 1 April every year. If you have that will be deducted from your payments you should be aware that the amount to be deducted will also be subject to RPI adjustment.

Applications submitted for the Domestic RHI on or after 1 April 2016 have their tariffs adjusted in line with the Consumer Prices Index (CPI).

 

The Right of Review applies for any formal decisions that we make including if we have rejected your application, or if your application was accredited, but we have subsequently made the decision to withhold payments or revoke your accreditation.

To exercise your right of review, you must apply for it in writing within 28 days of receiving notice of the decision which you are appealing, specifying the grounds on which you are requesting it

For more information, please see Section 10, Chapter 3 of the Essential Guide.