November 1, 2013: New FIT/microFIT price schedule available
As required by the April 5, 2012 and June 12, 2013 FIT directions, the OPA has posted an updated FIT/microFIT price schedule. Please note that prices listed in the November 1, 2013, price schedule have not changed from the August 26, 2013, price schedule. View the new price schedule.
The OPA is required to review the prices offered to generators under the FIT and microFIT programs on a regular basis to ensure both ratepayer value and a fair return on investment. The OPA thanks those who provided feedback during the recent price review.
This price schedule will apply to any new contracts that are issued on or after January 1, 2014. microFIT applicants are reminded that their contract price will be based on the price schedule in effect at the time of their application approval.
The next price review is scheduled for fall of 2014 to be effective on January 1, 2015.
Version 3 of the microFIT Program opening August 28, 2013
Welcome to version 3.0 of the microFIT Program. The microFIT Program will begin accepting version 3.0 applications later this evening (after 9 p.m.) – final program documents are available for your review. A 30 MW procurement target is now in effect for the remainder of 2013.
The OPA will accept applications until either the 30 MW microFIT procurement target is reached, or December 31, 2013. At that point the OPA will begin accepting applications under the 2014 50 MW procurement target. Any unused capacity from the 30 MW procurement target will be added to the 2014 50 MW procurement target.
The OPA will review all applications that are submitted to ensure they are complete, eligible and contain all required information.
Please ensure that you regularly monitor your My microFIT Home Page for updates to your application status.
August 16, 2013: Changes to Domestic Content and New FIT/microFIT Price Schedule
On August 16, 2013, the Minister of Energy directed the OPA to make changes to the FIT and microFIT Programs, including changes to the domestic content rules applicable to new contracts. View the Minister’s letter of direction. The OPA has also reviewed and updated the FIT and microFIT price schedule. The OPA is required to review the prices offered to generators under the FIT and microFIT programs on a regular basis to ensure both ratepayer value and a fair return on investment. The new price schedule is available along with a price comparison table. The new price schedule will come into effect on August 26, 2013.
MicroFIT applicants are reminded that they will receive the price in effect at the time they are issued an application approval notice. Applicants that submitted under version 2.0 of the microFIT Rules that have not received an application approval notice before August 26, 2013 (when the price schedule comes into effect) will be subject to the new prices.
The new directive moves the FIT and microFIT programs toward compliance with the May 24, 2013 World Trade Organization (WTO) ruling by lowering the domestic content requirements for on-shore wind facilities and solar photovoltaic facilities. The domestic content requirements for new microFIT contracts are as follows: