Exclusion of air source heat pumps with a volumetric capacity over 425 litres from creating RECs if installed the day after Royal Assent or thereafter
The Renewable Energy (Electricity) Amendment Bill 2010 was passed by the Parliament on Thursday 24 June 2010. The legislation is not yet in force as it is awaiting Royal Assent.
The significant legislative changes that will impact the industry directly the day after Royal Assent or within the next five months are as follows:
The day after Royal Assent
- Exclusion of air source heat pumps with a volumetric capacity over 425 litres from creating RECs if installed the day after Royal Assent or thereafter.
We have been advised that day of Royal Assent will most likely be today 28th June 2010, therefore all commercial heat pumps with a capacity of 425 litres plus installed after todays date will no longer be eligible for RECS.