ELECTRICITY INDUSTRY ACT 2000 - SECT 40FA Meaning of premium solar feed-in tariff terms and conditions

ELECTRICITY INDUSTRY ACT 2000 - SECT 40FA

    (1)     Premium solar feed-in tariff terms and conditions are terms and conditions comprising an offer under which a relevant licensee or small retail licensee will purchase from a qualifying customer of that licensee qualifying solar energy generation electricity during the premium solar feed-in tariff period for that customer.

    (2)     Premium solar feed-in tariff terms and conditions must, as a minimum, include terms and conditions under which—

        (a)     an amount not less than $0.60 per kilowatt-hour is credited against the charges payable to the relevant licensee or small retail licensee by the qualifying customer for electricity the licensee supplies to that customer during the premium solar feed-in tariff period for that customer (a premium solar feed-in credit ); and

        (b)     a premium solar feed-in credit that arises during a period of supply of electricity to the qualifying customer during the premium solar feed-in tariff period for that customer is included in the electricity bill of that customer that relates to that period of supply; and

        (c)     if, in a period of supply of electricity to the qualifying customer during the premium solar feed-in tariff period for that customer, a premium solar feed-in credit exceeds the amount owed by that customer for electricity supplied to that customer in that period of supply, the excess premium solar feed-in credit amount is—

              (i)     credited against the charges payable to the relevant licensee or small retail licensee by that customer for electricity the licensee supplies to that customer in the next period of supply of electricity to that customer; and

              (ii)     included in that customer's electricity bill that relates to that period of supply of electricity; and

        (d)     any excess premium solar feed-in credit amount referred to in paragraph (c) is extinguished on the first of the following to occur—

              (i)     the day that is 12 months after the day—

    (A)     a premium solar feed-in credit first arises in respect of the qualifying customer; or

    (B)     a premium solar feed-in credit first arises in respect of the qualifying customer after an excess premium solar feed-in credit amount referred to in paragraph (c) is extinguished under this paragraph—

as the case requires;

              (ii)     the day the contract for the supply of electricity by the relevant licensee or small retail licensee to the qualifying customer ends;

              (iii)     the day that is the last day of the premium solar feed-in tariff period for the qualifying customer; and

        (e)     any contract between the relevant licensee or small retail licensee and the qualifying customer for the purchase of qualifying solar energy generation electricity by the licensee during the premium solar feed-in tariff period for that customer is conditional on that customer giving the licensee details of that customer's principal place of residence.

S. 40FAB inserted by No. 64/2011 s. 4.