Mr. McGlone said: "The introduction of the Renewable Heat Incentive Scheme will provide a structured means to provide long-term guaranteed financial assistance for renewable heat installations. The incentive focuses on consumers who currently depend on heating oil, and is designed to provide a cost-effective option for those consumers to switch.
"It also provides an option for any consumer to avail of a source of heating which can lead to lower CO2 emissions, increased fuel security and an increase in local employment opportunities in the green energy sector.
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"All consumers will be eligible to apply for the scheme but, for those currently using oil, it will be more economically viable than for those currently on gas. Gas is considerably cheaper, cleaner and greener than oil and, unlike Britain, the vast majority of consumers here use oil to heat their homes.
"Both myself and my committee colleagues have scrutinised the scheme. The Committee has sought and received assurances in relation to incentive and tariff levels; banding levels; incentives for domestic consumers; payments to participants; and support levels for the Renewable Heat Premium Payment scheme. The Committee also wanted to be satisfied that EU state aid approval had been secured before agreeing the proposals.
"The Department has informed the Committee that the Renewable Heat Incentive will have scheduled reviews built in to ensure that it remains fit for purpose and value for money. This will include consideration of appropriateness of technologies and the effectiveness and success of the scheme. The Committee will pay particular attention to these reviews and will scrutinise the implementation of the scheme and the proposals for Phase 2 as closely as it scrutinised the proposals for Phase 1 of the scheme."
(CD)
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