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January 6, 2014: 2014 microFIT Procurement Target is 65.3 MW
The total microFIT Procurement Target available for 2014 will be 65.3 MW.
This incorporates the 2013 unused capacity of 15.3 MW, which is added to the 2014 procurement target of 50 MW. The OPA procured 14.7 MW of the 30-MW microFIT procurement target that was in place from August 28, 2013 to the end of 2013.
December 20, 2013: microFIT Program update
The OPA wishes to advise that microFIT applications submitted by December 31, 2013, will remain active in the microFIT system in 2014, whether or not they have received an Application Approval Notice.
The microFIT Rules identify that these applications may be terminated but the OPA has decided to keep them active.
The latest bi-weekly microFIT report, released on December 13, 2013, shows that there were approximately 16.8 MW remaining towards the current 30-MW procurement target. Any capacity remaining from this procurement target on December 31, 2013 will be added to the 2014 procurement target of 50 MW.
The OPA will announce the aggregated 2014 procurement target in the new year.
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. 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.