Renewable Energy Act 2011 · s 17

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s 17Degression of feed-in tariff

(1)

Subject to subsection (3), the feed-in tariff rate shall be reduced progressively each year based on the applicable degression rate commencing on 1 January every year after the date of coming into operation of this Act.

(2)

The annual degression rates shall be subject to review in accordance with section 18.

(3)

No further reduction shall be made to a feed-in tariff rate applicable to a feed-in approval holder after the feed-in tariff commencement date in respect of that feed-in approval holder.