Technologies that are not intermittent (i.e., dispatchable) are encouraged to shift production to peak periods when the electricity is most needed. Projects that use renewable biomass, biogas, landfill gas or waterpower as their renewable fuel will receive a time-differentiated price under the FIT contract.
Application of the peak performance factor will result in higher payments during peak hours and lower payments during off-peak hours. This is to encourage these projects to schedule their production during peak hours to the extent practicable.
The projects will be paid a rate that is 35 percent higher from 11 a.m. to 7 p.m. on business days and a rate that is 10 percent lower during off-peak hours (including weekends).
In summary, projects will earn the posted FIT price multiplied by:
• 1.35 for peak periods
• 0.9 for off-peak periods.
Projects that operate 24 hours a day every day of the year (24/7/365) will earn the same total revenue as they would if they had earned the posted FIT price