Current Ontario FIT and Micro-FIT pricing for Waterpower Projects
| Project size tranche | Price (cents/kWh) CDN |
|---|---|
|
Micro FIT
Less than or equal to 10kW |
24.6 |
|
FIT
Less than or equal to 500kW |
24.6 |
Current Rhode Island “Renewable Energy Growth” (REG) program pricing for Waterpower Projects
Source: National Grid, Renewable Energy Growth Program | Renewable Energy Class (Nameplate kW) | Ceiling Price w/ITC (cents/kWh) USD | Ceiling Price w/o ITC/PTC (cents/kWh) USD | Converted to CDN $ (cents/kWh)1 |
|---|---|---|---|
|
Small Scale hydropower
10-250kW |
19.80 |
21.35 |
28.06 |
|
Small Scale hydropower
251-1000kW |
18.55 |
20.10 |
26.42 |
Note 1: exchange rates effective as of Aug 9th, 2015
Current United Kingdom FIT pricing for Waterpower Projects
Source: https://www.ofgem.gov.uk/sites/default/files/docs/2015/01/fit_non_pv_tariff_table_for_1_april_2015_0.pdf
And
http://www.fitariffs.co.uk/
(both web sites give the exact same pricing)
Note: The United Kingdom (UK) Tariffs give three financial benefits:
- A generation tariff payment, which is based on the total electricity generated and the energy type
- An export tariff payment, which is for any energy exports made when generating more than you use
- Lower bills from your supplier for the electricity you import from them
The total of these three benefits equals the total price paid / earned per kWh. My analysis below only quantifies the first of these two financial benefits based on the assumption that a qualified FIT program site in Ontario would have no electricity “bill” and therefore the third benefit would not be applicable.
TARIFFS FOR HYDRO – FOR 1 APRIL 2015 TO 31 MARCH 2016
| Description | Generation Tariff (p / kWh) | Export Tariff (p / kWh) | Total Tariff (p / kWh) | Converted to CDN$ (cents/kWh) |
|---|---|---|---|---|
|
Hydro generating station with total installed capacity of 15kW or less |
17.17 |
4.85 |
22.02 |
44.81 |
|
Hydro generating station with total installed capacity greater than 15kW but not exceeding 100kW |
16.03 |
4.85 |
20.88 |
42.49 |
|
Hydro generating station with total installed capacity greater than 100kW but not exceeding 500kW |
12.67 |
4.85 |
17.52 |
35.65 |
|
Hydro generating station with total installed capacity greater than 500kW but not exceeding 2MW |
9.9 |
4.85 |
14.75 |
30.01 |
|
Hydro generating station with total installed capacity greater than 2MW |
2.7 |
4.85 |
7.55 |
15.36 |
Note 1: exchange rates effective as of Aug 9th, 2015