Statement by Economy Minister Simon Hamilton MLA - Measures planned to stem RHI losses

Economy Minister Simon Hamilton MLA has outlined measures that are planned to stem RHI losses.

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He said: “My Department is currently developing a proposal for changes to the Renewable Heat Incentive which, if accepted, would lead to a significant reduction in future costs to the NI Executive.  

"This requires further detailed discussion, including legal advice and further engagement with the European Commission, given that the scheme received approval within the State Aid regime.

"I plan to bring a proposal to the Assembly, and issue a consultation document, as early as I can in the New Year.

"Additionally we are also pursuing stronger enforcement of the existing regulations through OFGEM, so that abuses of the scheme are addressed as effectively as possible, and that any possible fraud cases are dealt with rigorously."

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