Fast Track FIT review...

9 Jun, 2011

The Government has today released its response to the Fast Track FIT review. In summary the rates that will apply to eligible installations on or after 1st August 2011 will be:

>50 kW - 150 kW TIC = 19.0p/ kWh
>150 kW - 250 kW TIC = 15.0p/ kWh
>250 kW - 5 MW TIC and stand-alone installations 8.5p/ kWh

"Eligibility date" is defined as "The date as regards a particular Eligible Installation from which eligibility for FIT Payments commences which shall be the later of the date: (a) as applicable, of (i) receipt by the Authority of a FIT Generator's written request for ROO-FIT Accreditation in a form acceptable to the Authority; or (ii) receipt by a FIT Licensee of a FIT Generator's written request for MCS-certified Registration;
(b) on which the Eligible Installation is Commissioned; or
(c) of Implementation."

They also propose not to have any transitional arrangements for schemes underway that will not meet the 1st August deadline.

Please find the full Government response here