Minimum Purchase Price Regulations (Prince Edward Island, Canada)
From Open Energy Information
Last modified on February 12, 2015.
EZFeed Policy
| Place | Prince Edward Island, Canada
|
|---|---|
| Applies to States or Provinces | Prince Edward Island, Canada |
| Name | Minimum Purchase Price Regulations (Prince Edward Island, Canada) |
| Policy Category | Financial Incentive |
| Policy Type | Mandatory Utility Green Power Option |
| Affected Technologies | Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Wave Energy, Wind energy |
| Active Policy | Yes |
| Implementing Sector | State/Province
|
| Start Date | 12/2005
|
| Primary Website | http://www.gov.pe.ca/law/regulations/pdf/R&12-1-2.pdf
|
| Last Review | 2014-09-15
|
Summary
The Minimum Purchase Price Regulations establish the price which utilities must pay for power produced by large-scale renewable energy generators – that is those capable of producing more than 100 kilowatts of energy. The rate has been set at 7.75 cents per kilowatt hour with 5.75 cents of that as a fixed rate and 2.0 cents as a variable rate.
References