Renewable Energy Act 2011 · s 21

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s 21Grid parity

(1)

The Authority shall determine whether a particular renewable energy installation has achieved grid parity.

(2)

Upon the determination by the Authority that a particular renewable energy installation has achieved grid parity, the Authority shall notify the relevant feed-in approval holder and distribution licensee of such achievement.

(3)

Notwithstanding anything under this Act, upon notification of the determination of grid parity under subsection (2)—

(a)

a feed-in approval holder who owns such renewable energy installation shall not be entitled to be paid the feed-in tariff and shall instead be paid by the distribution licensee a tariff that is based on the prevailing displaced cost for the remaining duration of the effective period; and

(b)

a distribution licensee shall not be entitled to recover from the Fund the sum referred to in section 19 and be paid administrative fees under paragraph 20(a) in respect of any renewable energy installation.