To encourage the power companies to play a bigger role in promoting the development of RE, new measures have been put in place under the post-2018 Scheme of Control Agreements (SCAs) with the power companies.
Under the post-2018 SCAs, Feed-in Tariff (FiT) Scheme will be introduced to encourage the public and businesses to consider investing in RE as the power generated can be sold to the power companies at a rate higher than the normal electricity tariff rate to help recover the costs of investment in the RE systems and generation. The FiT rates to be adopted at the launch of the FiT Scheme range from $3 to $5 per kWh, depending on the generation capacity of the RE system.
All the units of electricity generated by a grid-connected renewable energy power system (REPS) under the FiT Scheme will be metered and purchased by CLP / HK Electric at the applicable FiT rate which is higher than normal electricity tariff rates.
Any units of electricity consumed at the premises where the REPS is installed will be charged at the prevailing electricity tariff rates.
The 2018 policy address proposes to relax restrictions on the installation of solar systems in small houses.
FiT Period: 15 years
FiT rates are as follows:
|Capacity of the Renewable Energy System||FiT rate (per unit of electricity -kWh)|
|≤ 10 kW||HK$ 5|
|> 10 kW - ≤ 200 kW||HK$ 4|
|> 200 kW - ≤ 1MW||HK$ 3|
If You have …