$0.17/kWh adjusted by a time of delivery multiplier
Base price will step down over time as certain MW goals are met
Note: LADWP accepted applications for the second 20 MW allocation of the 100 MW FiT Set Pricing Program between July 8 and July 12, 2013. This program is the first component of a 150 megawatt (MW) FiT Program, and is designed to support 100 MW. The full 100 MW of contracts will be offered in five 20 MW allocations occurring every six months. A plan for the additional 50 MW program is still in development. See the web site above for more information.
LADWP is providing a Feed-in Tariff (FiT) program to support the development of renewable energy projects in its territory. All technologies eligible for compliance with the state's [http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=CA25R&re... renewables portfolio standard] are eligible for the FiT, though LADWP expects the majority of projects to be photovoltaic (PV) systems. Project must be registered as RPS-compliant with the California Energy Commission to be participate.
The full 100 MW of contracts awarded through this program will be offered in five 20 MW allocations occurring every six months. Of those 20 MW, 4 MW will be reserved for small projects between 30 kW and 150 kW. If the small projects reach their reserved capacity limit before the total reserved capacity is met for a Tier, the remaining small projects will qualify under the total reserved capacity allocation until that category is exhausted. During the first five business days of each application period, all submitted applications will be prioritized on the FiT Reservation List by lottery. Applications received after the first five business days will prioritized in the order they are received.
The amount LADWP will pay for each kilowatt-hour (kWh) produced will be a product of the Base Price of Energy (BPE) multiplied by the appropriate Time-of-Delivery (TOD) Multiplier. The BPE is scheduled to decline as each 20 MW allocation is subscribed. The TOD multiplier varies by time of day and time of year with the highest multiplier being available between 1:00 PM and 5:00 PM during June through September. The full schedule for BPE prices and TOD multipliers can be seen in the tables below.
|Tier Level||Total MW Capacity Reserved||Small Project MW Capacity Reserved||Pricing (per kWh)|
Time of Delivery Multiplier
||M-F (1:00 pm - 5:00 pm)||
M-F (10:00 am - 1:00 pm)
M-F (5:00 pm - 8:00 pm)
M-F (8:00 pm - 10:00 am)
All day Saturday and Sunday
High Season (Jun - Sep)
|2.25 multiplier||1.10 multiplier||0.50 multiplier|
|Low Season (Oct - May)
||1.30 multiplier||0.90 multiplier||0.50 multiplier|
Program participants must pay application fees, interconnection study fees, development security deposits, and interconnection fees. These fees and additional program requirements can be found at the web site above.
Project must be registered as RPS-compliant with the California Energy Commission