Minimum Purchase Price Regulations (Prince Edward Island, Canada)
Last modified on February 12, 2015.
|Place||Prince Edward Island, Canada|
|Applies to States or Provinces||Prince Edward Island, Canada|
|Name||Minimum Purchase Price Regulations (Prince Edward Island, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Mandatory Utility Green Power Option|
|Affected Technologies||Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Wave Energy, Wind energy|
The Minimum Purchase Price Regulations establish the price which utilities must pay for power produced by large-scale renewable energy generators – that is those capable of producing more than 100 kilowatts of energy. The rate has been set at 7.75 cents per kilowatt hour with 5.75 cents of that as a fixed rate and 2.0 cents as a variable rate.