Tidal Array Feed-In Tariff
A Feed-in Tariff or FIT is a straightforward way to contract for renewable energy generation. It provides standardized program rules, prices and contracts. Developmental tidal arrays that are transmission connected may qualify for a tariff. This tariff applies to in-stream tidal devices in units greater than 0.5 megawatts (500 kilowatts) or in arrays. There are no limits on ownership.
Applications for developmental tidal projects will be accepted once the Utility and Review Board establishes a rate for developmental tidal. On August 8, 2012, the Department of Energy asked the Board to start the process for setting the rate these projects will receive. The Utility and Review Board has released an updated hearing date; learn more.
In November 2012, the Department of Energy opened public consultation on amendments to the Renewable Electricity Regulations. The proposed amendment will allow the Nova Scotia Utility and Review Board to establish multiple feed-in tariffs for developmental tidal arrays that consist of a single device or of multiple devices. Developmental tidal arrays are defined as those projects that are connected to the transmission grid with a capacity of 500 kilowatts or greater.Another Feed-in Tariff program is the Community Feed-in Tariff Program (COMFIT). To learn more, click here