Renewable Energy Act 2011 · s 3

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3.
Establishment of feed-in tariff system
(1) There is hereby established a feed-in tariff system to provide for—
(a) the connection to supply line connection points for the distribution of renewable energy generated by renewable energy installations which are owned by feed-in approval holders;
(b) the priority of purchase and distribution by distribution licensees for renewable energy generated and sold by feed-in approval holders; and
(c) the feed-in tariff to be paid by distribution licensees to feed-in approval holders for such renewable energy.
(2) The feed-in tariff system shall be administered and implemented by the Authority in accordance with the provisions of this Act.
(3) In carrying out its functions and obligations under this Act, the
Authority shall give due consideration to—
(a) the objective of this Act;
(b) the renewable energy policies of the Government;

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(c) the amount of moneys available in the Fund from time to time;
(d) the need for sustainability and diversity in renewable resources; and
(e) the need for fair competition and transparency in the implementation of the feed-in tariff system.

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s 3Establishment of feed-in tariff system

(1)

There is hereby established a feed-in tariff system to provide for—

(a)

the connection to supply line connection points for the distribution of renewable energy generated by renewable energy installations which are owned by feed-in approval holders;

(b)

the priority of purchase and distribution by distribution licensees for renewable energy generated and sold by feed-in approval holders; and

(c)

the feed-in tariff to be paid by distribution licensees to feed-in approval holders for such renewable energy.

(2)

The feed-in tariff system shall be administered and implemented by the Authority in accordance with the provisions of this Act.

(3)

In carrying out its functions and obligations under this Act, the

Authority shall give due consideration to—

(a)

the objective of this Act;

(b)

the renewable energy policies of the Government;

(c)

the amount of moneys available in the Fund from time to time;

(d)

the need for sustainability and diversity in renewable resources; and

(e)

the need for fair competition and transparency in the implementation of the feed-in tariff system.