September 24, 2015: Price review slide deck update posted
The IESO has posted an updated version of the slide deck that provides background and supporting information on the 2016 prices. Updates and additional slides have been provided in response to requests from stakeholders to provide additional background details and assumptions. The same deck has also been posted on the FIT webpage. View the updated deck.
September 17, 2015: 2016 FIT/microFIT Price Schedule Available
The IESO has posted a new FIT/microFIT price schedule for 2016. View the 2016 price schedule.
In response to the annual price review questionnaire that was posted on July 17, 2015, 19 submissions were received by the August 14, 2015, deadline. The IESO thanks those who provided feedback during the recent price review. The four submissions that were received from industry associations are posted below. The remaining 15 submissions contained confidential information and will not be publicly posted.
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 2016 prices.
View the deck. In addition, a set of frequently asked questions (FAQs) related to pricing has been posted. View the price FAQs.
The new price schedule will be effective on January 1, 2016, for the FIT program and will apply to any FIT contracts that are offered after January 1, 2016, including FIT contracts offered through the FIT 4 procurement.
The new price schedule will be effective on January 1, 2016, for the microFIT Program and will apply to Application Approval Notices that are issued on or after January 1, 2016.
The next price review will occur later in 2016 and will be effective on January 1, 2017.