FiT capacity release
10 FiT capacity release
The Minister may determine that a stated part of the FiT capacity (a FiT capacity release) is to be made available for the grant of FiT entitlements.
The determination must state—
whether the FiT capacity release will be made available by a competitive process or by direct grant to any person the Minister considers appropriate; and
the following in relation to any FiT entitlement that may be granted under the release:
the term (not longer than 20 years) of the entitlement;
the kind of renewable energy source that must be used;
whether a large renewable energy generator must be located within—
the ACT; or
the Australian capital region; or
a participating jurisdiction; and
Participating jurisdiction—see s (6).
for a release to be made available by direct grant—any criteria a person, or a person’s proposal, must meet to be eligible for a direct grant.
The determination may state the minimum capacity of a large renewable energy generator’s generating system in relation to which a FiT entitlement may be granted under the FiT capacity release.
In deciding whether to make a FiT entitlement available by direct grant, the Minister must have regard to—
the advantages and disadvantages to the Territory of not undertaking a competitive process; and
the objects of the Act.
A determination is a disallowable instrument.
In this section:
participating jurisdiction—see the National Electricity (ACT) Law, section 2.
This Act’s bill:Explanatory statementSecond reading speech
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