Investor Presentaiton
The FIT Determination Process
Proposals
Received initial
proposal from
each RE
association
Consultation
and Evaluation
In accordance with the ERC FIT
Rules
Obtained comments from third
party consultants of the DOE
➤ Applied uniform financial model
for all technologies
➤NREB conducted consultation and
verification as follows:
Met with developers from
January 2009 to April 2011
• Verified the figures from project
submissions by developers to the
DOE
•
Verified from actual cases and
decisions by the ERC
➤ Applied international and
historical benchmarking on
project costs, O&M, and
technical assumptions
Recommendations
In conformity with
ERC Rules of
Practice &
Procedure on Rule-
making.
➤ Representative
project
➤Single rate for each
technology initially.
Differentiated FITS
per technology to be
submitted as a
supplement to the
initial Petition
➤ FIT Application with
ERC was submitted
on 16 May 2011View entire presentation