FIT/microFIT Price Schedule Available – August 31, 2016
The IESO has posted a new FIT/microFIT price schedule for 2017.
In response to the annual price review questionnaire that was posted on July 8, 2016, six submissions were received by the July 28, 2016, deadline. The responses received formed an important part of the price review and helped in the development of the 2017 price schedules. The IESO thanks those who provided feedback during the recent price review. In accordance with IESO’s engagement principles, responses have been made available on the Stakeholder Engagement page of the FIT website.
The IESO is required to review the prices offered to generators under the FIT and microFIT programs on an annual basis to ensure both ratepayer value and a fair return on investment. A slide deck has been posted that provides background and supporting information on the 2017 prices.
The new price schedule will be effective on January 1, 2017, and will apply to microFIT Application Approval Notices and FIT contracts, including FIT contracts offered through the FIT 5 procurement, that are issued on or after that date.
August 17, 2016 - microFIT system maintenance
On August 21, 2016, all functions of the My microFIT Home Page will be unavailable to allow for necessary updates to be made. The My microFIT Home Page will be returned to full service by 12:00 am on August 22, 2016.
July 8, 2016 - Annual Price Review
The IESO is required to undertake an annual review of the prices offered to generators under the FIT and microFIT programs to ensure both ratepayer value and a reasonable return on investment. To support this review the IESO has posted a pricing questionnaire that may be completed and submitted by any interested party. The responses received will form an important part of the price review and will help the IESO develop the 2017 price schedules.
The deadline for submitting questionnaire responses is July 28, 2016. Please email completed questionnaires to microFIT@ieso.ca.
June 21, 2016 - microFIT version 4.0 applications now being accepted
Version 4.0 of the microFIT Program is now available. The IESO will begin to accept microFIT version 4.0 applications as of 12 p.m. on June 21, 2016.
Applications will continue to be allocated towards the 50 MW 2016 microFIT procurement target. For information about capacity available under the current procurement target, please view the microFIT bi-weekly reports.
The 2016 price schedule has been updated to include the new price tranche for solar photovoltaic (PV) rooftop projects that are 6 kW or less.
Final microFIT version 4.0 rules, contract and supporting documents, are available in the program documents section of the website. The IESO will review 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. En français>>
June 17, 2016 — microFIT version 4.0 update
The IESO is pleased to announce that version 4.0 of the microFIT Program is planned to open on June 21, 2016.
Version 4.0 microFIT program rules, contract, prescribed forms and supporting documents will be posted on that date. The IESO has been able to accelerate the timeline from the originally announced launch date of July 2016.
From June 19, 2016 to June 21, 2016, all functions of the My microFIT Home Page will be unavailable to allow for the necessary updates to be made for version 4.0. The My microFIT Home Page will be returned to full service after noon on June 21, 2016.
As a reminder, any active application that has not received an Application Approval Notice by the time version 4.0 is released will be terminated. If you would like to continue with your project, you may reapply under version 4.0, and you will be required to provide completed version 4.0 prescribed forms when you submit your new application.
Please continue to monitor the microFIT website for updates regarding the microFIT program. En français>>