Feed-in tariff rates set

The Government announced the Renewable Energy Feed-in Tariff (FiT) Scheme recently and has decided to set the Feed-in Tariff rates at HK$3-5 per unit of electricity depending on the generation capacity of the renewable energy system concerned.

The plan and the rate level are expected to help promote small-scale solar system installations also attract investment in the local renewable energy market from private investors and corporations. Power companies will also sell Renewable Energy Certificates, from which the revenue earned can be used to alleviate the impact of the Feed-in Tariff's introduction. The Government hopes to enlist wide support from the public upon the development of renewable energy in Hong Kong.