According to the OPA, the popularity of the FIT and microFIT programs has "vastly surpassed expectations", with more than 16,000 applications having been submitted since the introduction of the program. To compensate, the OPA is dropping the pricing for 10-kilowatt ground-mounted systems from 80.2 cents/kWh to 58.8 cents/kWh. Colin Andersen, CEO of the Ontario Power Authority, believes "the new price category is fair, reasonable, more accurately reflects the costs associated with ground-mounted projects and maintains the long-term stability of the program". He went on to say that the change enables the program "to continue to meet its original goals and provides proper value to both generators and ratepayers.”
If you have already received a contract from the OPA for a ground-mounted 10kW system, the old rate of 80.2 cents/kWh will not change. All other projects (including projects for which applications have been submitted but not yet approved) will fall under the new pricing.
The OPA are allowing 30 days for applicants to respond and comment on the change, so make your opinion heard! Visit their website for more information.
Think Clearly!
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