|Year:||2012 (last updated 2016)|
|Policy status:||In Force|
|Date Effective:||2012 (last updated 2016)|
2013 (April 1st); 2014 (April 1st); 2015 (April 1st) - change of FIT rates;
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Policy Target:||Bioenergy>Biomass for power, Geothermal>Power, Hydropower, Solar>Solar photovoltaic, Wind>Offshore, Wind>Onshore|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Economy, Trade and Industry (METI), Agency for Natural Resources and Energy (ANRE)|
|Funding:||Surcharge collected from electricity users (FY 2015: 1,317 billion yen)|
Feed-in-Tariff scheme started from July 2012, replacing RPS and revising existing purchasing scheme for PV electricity. Electric power companies are obliged to purchase electricity generated from renewable energy sources on a fixed-period contract at a fixed price. Cost for purchasing is paid by electricity users in the form of a nationwide equal surcharge. And electric power companies pay a part of the cost (the equal amount to the generation cost that they could avoid to pay by purchasing renewable electricity from the producers). Purchase price is re-examined and published in each year.
Detailed information on the purchase price is available in below section "Amendment".
Since its enforcement, purchase price of FIT has been reexamined every year by METI (in 2013, 2014 and 2015). As a result, that for solar PV has been lowered and some new categories have been created for wind, hydro and biomass. Purchase price in detail is shown in the table below.
In 2016, a partial amendment of the FIT scheme was adopted by the National Diet. This amendment will be effective on April 1st 2017. This amendment introduce a new authorization system for solar PV projects that includes the procedure to check the project feasibility. And the new FIT scheme will require more validity of each projects. It requires for maintenance and inspection during the project, compliance of removal and disposal after the project, and enables an order to improve and a rescission of accreditation for violations.
As for purchase price, METI should establish the mid and long term purchase price targets and confirm the targets for the next few years for residential PV, wind and resources with a long lead time (eg. geothermal, small & mid scale hydro). And METI will introduce the tender for industrial PV (for the large scales at the beginning).
|This record supersedes:||Green Power: Renewable Portfolio Standards (RPS) , Purchasing Scheme for Solar PV Electricity|
Last modified: Thu, 15 Sep 2016 09:53:53 CEST